California Court of Appeal
DECKER v. YORKTON SECURITIES, INC., A096965
An introducing broker has notice of an adverse claim under Commercial Code section 8105(a)(2), such that it may be liable for losses sustained in connection with stolen stock certificates despite the immunity afforded by Commercial Code section 8115(3), when it has subjective knowledge of a significant probability of an adverse claim.
Appellate Information
- Decided 03/13/2003
- Published 03/13/2003
Judges
- STEVENS, Acting P.J.
Court
- California Court of Appeal
Counsel
- For Appellant:
- L.J. Chris Martiniak,Joshua S. Levenberg, San Francisco, Heller Ehrman White & McAuliffe, for Plaintiff and Appellant.
- For Appellees:
- Gilda R. Turitz, Sideman & Bancroft, Stewart D. Aaron, Benjamin J. Catalano, Dorsey & Whitney, H. Christian L'Orange, Alan J. Lazarus, San Francisco, S. Fey Epling, Drinker Biddle & Reath, for Defendants and Respondents.