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STANDER v. FINANCIAL CLEARING & SERVICES CORP.

No. 88 Civ. 1350 (PKL).

730 F.Supp. 1282 (1990)

Gertrude STANDER, Plaintiff, v. FINANCIAL CLEARING & SERVICES CORPORATION, Domestic Arbitrage Group, Inc., Rushmore Securities, Jerry W. Czin and John Does Nos. 1-10, Defendants.

United States District Court, S.D. New York.

February 23, 1990.

Attorney(s) appearing for the Case

Curtis, Mallet-Prevost, Colt & Mosle, New York City (Joseph F. Clyne, of counsel), for plaintiff.

Gaston & Snow, New York City (Eva M. Posman and Mildred Trouillot, of counsel), for defendants Financial Clearing & Services Corp. and Affiliated John Does.

LEISURE, District Judge.

This is a securities fraud action arising out of defendants' allegedly improper trading in plaintiff's account. Plaintiff alleges that as a result of defendants' improper activities, particularly during the stock market crash of October 1987, she lost her entire investment and accumulated substantial trading deficits. Defendant Financial Clearing and Services Corporation has come to the Court...

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