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GHANDOUR v. SHEARSON LEHMAN BROS. INC.

213 A.D.2d 304 (1995)

624 N.Y.S.2d 390

Ghassan G. Ghandour et al., Appellants, v. Shearson Lehman Brothers Inc., Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

March 28, 1995

Plaintiff Ghassan Ghandour ("Ghandour") is chairman of, and owns a 50% interest in plaintiff Sultan Shipping Company Limited ("Sultan Shipping"). In or about July 1983, Ghandour opened two commodities trading accounts, one in his name and one in that of Sultan Shipping, with defendant Shearson Lehman Brothers Inc.'s ("Shearson") Paris office, investing an aggregate sum of approximately $2,000,000. Around the same time, plaintiff's brother, Muhieddine, opened a similar account...

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