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DUNMIRE v. SCHNEIDER

No. 06-1254.

481 F.3d 465 (2007)

Delbert L. DUNMIRE, Plaintiff-Appellant, v. Lawrence J. SCHNEIDER, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided March 15, 2007.

Attorney(s) appearing for the Case

Kathleen A. Hardee (argued), Richard M. Paul, III, Shughart, Thomson & Kilroy, Kansas City, MO, for Plaintiff-Appellant.

Brian A. Sher, Bryan Cave, Chicago, IL, Bruce Lewitas (argued), Morgan Stanley, Chicago, IL, for Defendant-Appellee.

Before EASTERBROOK, Chief Judge, and ROVNER and SYKES, Circuit Judges.

EASTERBROOK, Chief Judge.

Delbert Dunmire traded silver futures contracts through Morgan Stanley and its predecessor Dean Witter. Dunmire's broker, John Hoffman, retired in 2002 and Morgan Stanley assigned the account to his son Matt. Lawrence Schneider, a supervisory broker, assured Dunmire that Matt was up to the task and promised to keep tabs on his performance. In April 2004 volatility in the silver market led the New York Mercantile Exchange, where Dunmire's...

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