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PRUDENTIAL-BACHE SECURITIES, INC. v. STEVENSON

Civ. A. No. H-87-3806.

706 F.Supp. 533 (1989)

PRUDENTIAL-BACHE SECURITIES, INC., Plaintiff, v. Thomas D. STEVENSON, et al., Defendants.

United States District Court, S.D. Texas, Houston Division.

February 22, 1989.

Attorney(s) appearing for the Case

Thomas Hutcheson, Hutcheson & Grundy, Houston, Tex., for plaintiff.

Kurt Arbuckle, Houston, Tex., for defendants.

ORDER

HITTNER, District Judge.

FACTS

Plaintiff Prudential-Bache ("Pru-Bache") seeks a judgment against Defendants Thomas and Beverly B. Stevenson for an alleged $905,045 debit balance in their joint account, allegedly owed to Plaintiff since November, 1987.

In October, 1987, the Stevensons incurred substantial losses in their joint account in connection with various securities transactions. Consequently, Pru-Bache asked them to deposit...

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