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KRUSI v. BEAR, STEARNS & CO.

Docket No. 52303.

144 Cal.App.3d 664 (1983)

192 Cal. Rptr. 793

GEORGE S. KRUSI, Plaintiff and Appellant, v. BEAR, STEARNS & CO., Defendant and Appellant.

Court of Appeals of California, First District, Division One.

July 7, 1983.

Attorney(s) appearing for the Case

COUNSEL

Robert S. Rutledge and Richard G. Logan for Plaintiff and Appellant.

Robert H. Logan, Robert D. Feighner and Keesal, Young & Logan for Defendant and Appellant.

Murphy, Weir & Butler, Michael Kip Maly, Theodore H. Focht, Michael E. Don and Stephen P. Harbeck as Amici Curiae.

OPINION

BREINER, J.*

Plaintiff brought suit against Bear, Stearns & Co., a national stock brokerage firm, for conversion of 883 shares of General Motors stock. Plaintiff had been a customer of another brokerage firm, now defunct, the San Francisco Investment Corporation (hereafter SFIC), a small firm that was not a member of a stock exchange. In order to execute stock purchases or sales for its customers...

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