BACHE HALSEY STUART, INC. v. HUNSUCKER

No. 7726SC916.

248 S.E.2d 567 (1978)

38 N.C. App. 414

BACHE HALSEY STUART, INC. v. George E. HUNSUCKER, Jr.

Court of Appeals of North Carolina.

November 7, 1978.


Attorney(s) appearing for the Case

Fleming, Robinson & Bradshaw by C. Richard Rayburn, Jr., Charlotte, for plaintiff-appellee.

Grier, Parker, Poe, Thompson, Bernstein, Gage & Preston, by Gaston H. Gage, Charlotte, for defendant-appellant.


MORRIS, Judge.

The question defendant has presented to this Court is whether his second and third counterclaims allege a cause of action sufficient to withstand the plaintiff's motion to dismiss. G.S. 1A-1, Rule 12(b)(6). Defendant argues that plaintiff's unauthorized sale of futures contracts, unauthorized purchases of contracts to close out defendant's position, and subsequent liquidation of his cash and margin accounts constituted violations of the North Carolina...

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