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SPRAGUE, LEVINSON & THALL v. ADVEST, INC.

Civ. A. No. 84-2849.

623 F.Supp. 11 (1985)

SPRAGUE, LEVINSON & THALL v. ADVEST, INC.

United States District Court, E.D. Pennsylvania.

April 9, 1985.

Attorney(s) appearing for the Case

Sheldon L. Albert, Sprague, Levinson & Thrall, Philadelphia, Pa., for plaintiff.

William H. Ewing, Philadelphia, Pa., for defendant.

MEMORANDUM OF DECISION

McGLYNN, District Judge.

In August of 1983 the plaintiff, a lawyer, received as a fee from a client a properly assigned certificate for 10,625 shares of Patlex stock. On August 19, 1983 the certificate was forwarded to the defendant, a securities broker, with instructions to open an account and to "take whatever action is necessary to transfer the registration of the stock into this firm's name." In spite of these specific instructions...

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