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OSTROM v. CONRAD NAT. BANK OF KALISPELL

No. CV 81-40-M.

547 F.Supp. 162 (1982)

Logan R. OSTROM and Norma A. Ostrom, Plaintiffs, v. The CONRAD NATIONAL BANK OF KALISPELL, a national banking corporation, Defendant.

United States District Court, D. Montana, Missoula Division.

September 20, 1982.

Attorney(s) appearing for the Case

Gary R. Christiansen, Warden, Christiansen, Johnson & Berg, Kalispell, Mont., for plaintiffs.

C. Eugene Phillips, Murphy, Robinson, Heckathorn & Phillips, Kalispell, Mont., for defendant.

OPINION

RUSSELL E. SMITH, District Judge.

Plaintiffs lost several hundreds of thousands of dollars playing the stock market on margin. In all of the stock market activity involved here plaintiffs were selling short through a broker. In these transactions plaintiffs did not own the stock which they sold at the time of sale, and as the market value of the stock increased, the broker, as required by Regulation T...

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