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FATAKIA v. HANNA

Civ. A. No. 88-745.

716 F.Supp. 235 (1989)

Aspy N. FATAKIA v. Mark A. HANNA, et al.

United States District Court, E.D. Louisiana.

July 20, 1989.

Attorney(s) appearing for the Case

Jacques F. Bezou, New Orleans, La., for plaintiff.

Earl S. Eichin, Jr., New Orleans, La., for defendants.

OPINION AND ORDER

BEER, District Judge.

During October 1986, plaintiff Aspy N. Fatakia opened a margin account with defendant L.F. Rothschild & Co., Inc. to trade securities. Over the course of the next year, he traded profitably in high technology and communications stocks recommended by defendant Mark A. Hanna, a Rothschild vice-president.

Mr. Fatakia's luck soon changed. On October 19, 1987 ("Black Monday"), the Dow Jones Industrial Average...

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