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SHEARSON/AMERICAN EXP., INC. v. MANN

No. 86-3198.

814 F.2d 301 (1987)

SHEARSON/AMERICAN EXPRESS, INC., Plaintiff-Appellee, v. Lynn D. MANN, Defendant-Appellant.

United States Court of Appeals, Sixth Circuit.

Decided March 20, 1987.

Attorney(s) appearing for the Case

John W. Leibold, argued, Columbus, Ohio, for defendant-appellant.

Terence L. Fague, Coolidge, Wall, Matusoff, Womsley & Lombard Co., L.P.A., Dayton, Ohio, Roger J. Makley, Molly Cochran, argued, for plaintiff-appellee.

Before ENGEL and BOGGS, Circuit Judges; and CONTIE, Senior Circuit Judge.

CONTIE, Senior Circuit Judge.

Lynn Mann, defendant-appellant, appeals from the district court's judgment ordering him to pay $26,500 to Shearson/American Express, Inc. (hereinafter referred to as Shearson), plaintiff-appellee. The $26,500 represents the amount of money Shearson paid Mann for 4,000 shares of Cox Electronic Systems, Inc. stock. The district court held that Shearson paid this amount under the mistaken belief that the stock represented shares in Universal...

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