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SECURITIES & EXCH. COM'N v. ABERDEEN SECURITIES CO., INC.

Civ. A. No. 4224.

371 F.Supp. 1343 (1974)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. ABERDEEN SECURITIES CO., INC., et al., Defendants. Claim of Matthew KRUVCZUK.

United States District Court, D. Delaware, Wilmington Division.

March 6, 1974.

Attorney(s) appearing for the Case

I. Leonard Hoffman, Ettinger, Poserina, Silverman, Dubin, Anapol & Sagot, Philadelphia, Pa., for Matthew Kruvczuk, claimant.

John Biggs, III, Biggs & Battaglia, Wilmington, Del., for Claude P. Hudson, trustee.

MEMORANDUM AND ORDER

EDWIN D. STEEL, Jr., Senior District Judge:

The ledger sheet of Aberdeen Securities Co., Inc., ("Aberdeen") for the account of Matthew Kruvczuk, a customer, shows that on May 20, 1971, he had a credit balance of $946.00 and that on June 10, 1971, the company sent him a check for that amount. Aberdeen intended the check to be in full payment of Mr. Kruvczuk's credit balance. Mr. Kruvczuk never presented the check for payment or provided...

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