PASSMAN v. OLIPHANT


77 Misc.2d 431 (1974)

Murray Passman, Plaintiff, v. Jas. H. Oliphant, Defendant.

Supreme Court, New York County.

February 1, 1974


Attorney(s) appearing for the Case

Lovejoy, Wasson, Lundgren & Ashton for plaintiff. Wachtell, Lipton, Rosen & Katz for defendant.


MARTIN B. STECHER, J.

The plaintiff, an investor, sues the defendant, his former stockbroker for conversion of the plaintiff's securities held in a margin account. Most of the facts were stipulated and testimony was taken on a limited number of issues.

After trial, I find that prior to April of 1970 and at all material times, the plaintiff maintained a margin account with the defendant. On or about April...

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