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MOWBRAY v. MOSELEY, HALLGARTEN, ESTABROOK & WEEDEN

No. 85-1647.

795 F.2d 1111 (1986)

Robert M. MOWBRAY and Rose A. Mowbray, Plaintiffs, Appellants, v. MOSELEY, HALLGARTEN, ESTABROOK & WEEDEN, INC. and Michael French, Defendants, Appellees.

United States Court of Appeals, First Circuit.

Decided July 3, 1986.

Attorney(s) appearing for the Case

Edward F. Haber, Boston, Mass., was on brief, for plaintiffs, appellants.

James C. Heigham, with whom Choate, Hall & Stewart, Boston, Mass., was on brief, for defendants, appellees.

Before COFFIN, BOWNES and TORRUELLA, Circuit Judges.

TORRUELLA, Circuit Judge.

This action was brought below by plaintiffs-appellants, Robert M. Mowbray and Rose A. Mowbray, against their former stockbroker Michael French, and his employer, a Burlington, Vermont stock brokerage firm known as Moseley, Hallgarten, Estabrook & Weeden, Inc. ("Moseley"). Plaintiffs' basic claim below was for alleged excessive trading or "churning" of their accounts by defendants. Plaintiffs also alleged fraudulent misrepresentation by...

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