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KLOCK v. LEHMAN BROS. KUHN LOEB INC.

No. 83 Civ. 3889 (RJW).

584 F.Supp. 210 (1984)

Felix S. KLOCK, Plaintiff, v. LEHMAN BROTHERS KUHN LOEB INCORPORATED, Michael Cavanaugh and Geoffrey Horner, Defendants.

United States District Court, S.D. New York.

March 30, 1984.

Attorney(s) appearing for the Case

Nitkin, Alkalay Handler & Robbins, New York City, for plaintiff; J. Paul Robbins, New York City, of counsel.

Simpson, Thacher & Bartlett, New York City, for defendant Lehman Bros. Kuhn Loeb Inc.; George M. Newcombe, David T. Eames, New York City, of counsel.

ROBERT J. WARD, District Judge.

In May 1978, Felix S. Klock opened an account with Lehman Brothers Kuhn Loeb, Inc. ("Lehman") and authorized Lehman to effect trades in securities and commodities options on his behalf. After suffering significant losses, Klock closed his account in October 1979. Thereafter, on May 19, 1983, he filed this lawsuit, alleging that Lehman and two of its employees, Michael Cavanaugh and Geoffrey...

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