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HORNBLOWER & WEEKS-HEMPHILL, NOYES v. D & G S. & M. CO.

No. CA 3-6669-C.

390 F.Supp. 715 (1975)

HORNBLOWER & WEEKS-HEMPHILL, NOYES, a corporation v. D & G SUPPLY & MAINTENANCE CO., INC., a corporation, et al.

United States District Court, N. D. Texas, Dallas Division.

March 5, 1975.

Attorney(s) appearing for the Case

C. Taylor Ashworth, Jenkens & Gilchrist, and David Ford Hunt, Dallas, Tex., for plaintiff.

Michael Jay Rune and Ron S. Galloway, Dallas, Tex., for D & G and McMillian.

Sam W. Lane, Jr., Dallas, Tex., for Carrington.

A. Howard Katz, Kansas City, Mo., for Silbiger.

OPINION

WILLIAM M. TAYLOR, Jr., Chief Judge.

This dispute between a stock brokerage house and its customer presents the Court with two issues concerning stock margin accounts. First, the Court must determine whether the defendant-customers are liable to the plaintiff-broker for a deficiency resulting from the plaintiff's sale of securities held in a margin account for the defendants after the defendants failed to meet a margin-call. Secondly, the Court must...

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