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E. F. HUTTON & CO., INC. v. LEWIS

Civ. A. No. 75-72288.

410 F.Supp. 416 (1976)

E. F. HUTTON & COMPANY, INC., a Delaware Corporation, Individually and as assignee of Roy McKnight, Plaintiff, v. Gordon LEWIS, Defendant.

United States District Court, E. D. Michigan, S. D.

February 18, 1976.

Attorney(s) appearing for the Case

Gerald C. Davis, Cummings, McClorey, Davis & Acho, P. C., Livonia, Mich., for plaintiff.

Benjamin Rosenthal, Southfield, Mich., for defendant.

OPINION

CORNELIA G. KENNEDY, District Judge.

The facts as alleged in the complaint are essentially as follows: One Roy McKnight had a commodities futures trading account with Plaintiff E. F. Hutton; Defendant Lewis was the account executive in charge of this account; on May 22, 1975, defendant sold short, for July 1975 delivery, a number of pork belly futures without authorization from McKnight. When McKnight learned of the transaction, he disaffirmed it...

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