Supreme Court of Pennsylvania January 27, 1936, Appeal, 246 (Goodbody v. Margiotti)

lead-opinion

Opinion by

Mr. Justice Stern,

On June 25, 1931, defendant opened an account with plaintiffs, depositing $2,500 as margin. Various stocks were bought and sold for the account, resulting in a profit to defendant. On July 6 all the stocks in the account had been sold and there was a cash credit to defendant amounting to $3,505.51.