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OKCUOGLU v. HESS, GRANT & CO., INC.

Civ. A. No. 83-3017.

580 F.Supp. 749 (1984)

Cetin A. OKCUOGLU, et al. v. HESS, GRANT & CO., INC., et al.

United States District Court, E.D. Pennsylvania.

February 23, 1984.

Attorney(s) appearing for the Case

George E. Pierce, Jr., Philadelphia, Pa., for Cetin Okcuoglu and Geotech, Inc.

Daniel B. Pierson, and Samuel Lander, Pierson, Cameron & Morris, Philadelphia, Pa., for Hess, Grant & Co., Inc.

C. Clark Hodgson, Jr., Philadelphia, Pa., for Merrill Lynch, Pierce, Fenner & Smith.

MEMORANDUM

GILES, District Judge.

Plaintiffs are options transactions customers of Hess, Grant & Company ("Hess Grant"), a stock brokerage firm. Merrill Lynch, Pierce, Fenner & Smith, Inc. ("Merrill Lynch"), also a stock brokerage firm, has a clearing agent agreement with Hess Grant pursuant to which it performs centralized cashiering, bookkeeping and execution functions for margin accounts serviced by Hess Grant for the plaintiffs. Cetin A. Okcuoglu...

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