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RAMSAY v. TEXAS TRADING CO., INC.

No. 06-07-00043-CV.

254 S.W.3d 620 (2008)

Tom RAMSAY, Appellant, v. TEXAS TRADING CO., INC., and ADM Investor Services, Inc., Appellees.

Court of Appeals of Texas, Texarkana.

Decided May 5, 2008.

Attorney(s) appearing for the Case

John R. Mercy, Mercy Carter Tidwell, LLP, Texarkana, J. Craig Falls, Falls Smith, LLP, Austin, for appellant.

Jim D. McLeroy, McLeroy, Litzler & Rutherford, PC, Larry A. Powers, Powers & Blount, LLP, Sulphur Springs, Thomas Knepper, Knepper & Gladney, Chicago, IL, for appellee.

Before MORRISS, C.J., CARTER and MOSELEY, JJ.

OPINION

Opinion by Chief Justice MORRISS.

Less than a half hour before the cattle-futures markets closed December 23, 2003, Tom Ramsay appeared at Texas Trading Company, Inc.'s Sulphur Springs office and wanted a personal account opened so he could sell "short" five cattle-futures contracts for his personal account through ADM Investor Services, Inc. (ADM), Texas Trading's clearing broker in Illinois. That is...

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