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CLAUGHTON v. BEAR STEARNS & CO.

397 Pa. 480 (1959)

Claughton, Appellant, v. Bear Stearns & Company.

Supreme Court of Pennsylvania.

October 21, 1959.

Attorney(s) appearing for the Case

Francis W. Sullivan, with him Sydney C. Orlofsky, and Strong, Sullivan, Saylor & Ferguson, for appellant.

Owen B. Rhoads, with him Norma L. Shapiro, and Barnes, Dechert, Price, Myers & Rhoads, for appellee.

Before JONES, C.J., BELL, MUSMANNO, JONES and COHEN, JJ.

OPINION BY MR. JUSTICE BENJAMIN R. JONES, October 21, 1959:

This appeal involves a question of the fidelity and loyalty to its principal of a stock brokerage concern which acted as agent for a decedent's estate in the sale of a large block of the common stock of a railroad company.

Edward Claughton upon his decease in Florida on May 10, 1955 was the owner of 509,500 shares of the common stock of the Missouri-Kansas...

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