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McINTYRE v. KAVANAUGH

No. 88.

242 U.S. 138 (1916)

37 S.Ct. 38

61 L.Ed. 205

McINTYRE v. KAVANAUGH.

Supreme Court of United States.

Decided December 4, 1916.

Attorney(s) appearing for the Case

Mr. Robert H. Patton for plaintiff in error.

Mr. Myer Nussbaum for defendant in error.

MR. JUSTICE McREYNOLDS delivered the opinion of the court.

Plaintiff in error was a member of T.A. McIntyre and Company, engaged in business as brokers. During February, 1908, the partnership received certain stock certificates owned by defendant in error and undertook to hold them as security for his indebtedness amounting to less than one-sixth of their market value. Within a few weeks, without authority and without his knowledge, they sold the stocks and appropriated...

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