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WITT v. REINHOLDT & GARDNER

No. 78-1452.

587 F.2d 383 (1978)

Stanley WITT and Gladys Witt, his wife, Plaintiffs-Appellants, v. REINHOLDT & GARDNER and Chris Schneider, Defendants-Appellees.

United States Court of Appeals, Eighth Circuit.

Decided November 13, 1978.

Attorney(s) appearing for the Case

Stanley Witt, pro se.

Robert S. Allen and Andrew Rothschild of Lewis, Rice, Tucker, Allen & Chubb, St. Louis, Mo., filed brief, for appellee.

Before LAY, BRIGHT and ROSS, Circuit Judges.

PER CURIAM.

In June 1973 Mr. and Mrs. Stanley Witt had a portfolio of corporate bonds in a margin account. On June 25, 1973, Mr. Witt had that account transferred to Reinholdt & Gardner. Later, because of insufficient margin, the account was closed by Reinholdt & Gardner, securities in the account were sold to satisfy existing obligations, and the balance of the account, which consisted of securities and cash, was delivered to the Witts.

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