GILMORE v. SHEARSON/AMERICAN EXP., INC.

No. 84 CIV. 9011 (PKL).

668 F.Supp. 314 (1987)

Brendan GILMORE, Plaintiff, v. SHEARSON/AMERICAN EXPRESS INC. and Stuart Travis, Defendants.

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

September 4, 1987.


Attorney(s) appearing for the Case

Herrick, Feinstein, New York City (Frederick A. Nicoll, of counsel), for plaintiff.

Theodore A. Krebsbach, New York City (Jeffrey L. Friedman, of counsel), for defendant Shearson.

Kahn & Hochberg, New York City (Ralph R. Hochberg, of counsel), for defendant Travis.


OPINION & ORDER

LEISURE, District Judge:

In this case plaintiff, Rev. Brendan Gilmore, a former customer of defendant Shearson/American Express Inc. ("Shearson"), alleges that his securities account was churned by Shearson and defendant Stuart Travis, plaintiff's stockbroker at Shearson.

Factual Background

Plaintiff commenced this action in December 1984. Gilmore had maintained a margin account with Shearson from January 1976...

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