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SARGENT v. PAINE WEBBER JACKSON & CURTIS, INC.

No. 88-7133.

882 F.2d 529 (1989)

Ernest E. SARGENT, et al. v. PAINE WEBBER JACKSON & CURTIS, INC., ndba as PaineWebber Incorporated, et al., Appellants.

United States Court of Appeals, District of Columbia Circuit.

Decided August 15, 1989.

Attorney(s) appearing for the Case

Harvey A. Levin, with whom Michael I. Smith, Washington, D.C., was on the brief, for appellants.

Stephen G. Milliken, Washington, D.C., for appellee.

Before ROBINSON, BUCKLEY, and WILLIAMS, Circuit Judges.

Opinion for the court filed by Circuit Judge STEPHEN F. WILLIAMS.

STEPHEN F. WILLIAMS, Circuit Judge:

In August 1983 Ernest E. Sargent and his daughter Cynthia L. Sargent opened an account with PaineWebber. To it they transferred 400 shares of Coleco Industries stock, some put and call options on Coleco, and some other (unspecified) securities. Ernest Sargent maintains that this portfolio embodied his life's savings.

The price of Coleco stock had been...

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