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JOHN v. SHEARSON/AMERICAN EXP., INC.

Civ. A. No. 82-CV-70597-DT.

732 F.Supp. 728 (1989)

Paul JOHN, individually and as trustee of the Paul L. John Agreement of Trust; Nancy C. John, individually and as trustee of the Nancy C. John Agreement of Trust; and Peggie Hubert, trustee of the Paul L. John Irrevocable Trust established for the benefit of Steven Gregory John and the Paul L. John Irrevocable Trust established for the benefit of Christine Ellen John, Plaintiffs, v. SHEARSON/AMERICAN EXPRESS, INC., and J. Gary Morgan, jointly and severally, Defendants.

United States District Court, E.D. Michigan, S.D.

July 26, 1989.

Attorney(s) appearing for the Case

Stephen Wasinger, Norman C. Ankers, Detroit, for plaintiffs.

Bradley J. Schram, Gary M. Saretsky, Bloomfield Hills, for defendants.

OPINION

DUGGAN, District Judge.

Plaintiffs brought this action against the defendants herein seeking damages for losses they claim to have suffered as the result of alleged wrongful and fraudulent conduct committed in connection with the purchase and sale of municipal bonds. Plaintiffs seek (1) damages for what they believe is a dimunition in the value of their investments made through, and with, the advice of defendants, (2) for interest plaintiffs believe...

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