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C.B.S. EMP. FED. CR. U. v. DONALDSON, LUFKIN ET AL.

No. 88-2677-4B.

716 F.Supp. 307 (1989)

C.B.S. EMPLOYEES FEDERAL CREDIT UNION, Plaintiff, v. DONALDSON, LUFKIN & JENRETTE SECURITIES CORPORATION, et al., Defendants.

United States District Court, W.D. Tennessee, W.D.

May 23, 1989.

Attorney(s) appearing for the Case

Borod & Kramer, Martin H. Aussenberg, Bruce S. Kramer, F. Guthrie Castle, Jr., Memphis, Tenn., for plaintiff.

James E. McBride, Sr., pro se.

Thomas D. Yeaglin, Memphis, Tenn., for Southern Securities Inv. Bankers, Inc. and F. Lin Lawrence.

William H. Thomas, Jr., Memphis, Tenn., for John Lowery.

John D. Horne, The Winchester Law Firm, Memphis, Tenn., for F. Lin Lawrence.

Susan L. Hoffman, Tuttle & Taylor, Los Angeles, Cal., Stephen D. Wakefield, Heiskell, Donelson, Bearman, Adams Williams & Kirsch, Memphis, Tenn., for Donaldson, Lufkin & Jenrette Securities Corp. and Joseph Donnelly.

ORDER GRANTING STAY PENDING APPEAL

McRAE, Senior District Judge.

This case involves a dispute over the existence of a margin agreement which purportedly authorized defendants to make investments on behalf of plaintiff. The investments resulted in substantial losses and plaintiff now seeks to recover those losses in this action. Defendants contend, however, that this Court is the wrong forum in which to resolve this dispute. Defendants contend that the dispute...

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