- 9 -
petitioner authorizing the liquidation of his account. She
stated that, if petitioner would provide a letter authorizing
liquidation, Kidder Peabody would comply. Petitioner responded
with a letter asking that Kidder Peabody send him a daily
statement that set forth the net asset value of his account. The
letter also announced petitioner’s plans to seek reconsideration
of, or an appeal from, the District Court’s order. Petitioner
also argued that he had demanded the liquidation of his brokerage
account in August of 1987. Ms. Chervin of Kidder Peabody
replied, on November 11, 1991, informing petitioner that the
current price of the stock in his brokerage account was available
in library copies of the Wall Street Journal. Her letter also
took exception to certain factual representations that petitioner
had made. She concluded:
Moreover, I wish to note for the record that it
has been more than two weeks since I put in writing, in
the October 24, 1991 letter to Judge Haight, that you
could get the proceeds of your account by merely
delivering to me a letter of authorization for its
liquidation. I reiterated the procedure for doing so
on the telephone to you more than one week ago. In the
interim, I have received your November 7, 1991 letter
(delivered by hand), but no letter of authorization.
Please be advised that you can sit on this matter for
as long as you wish, but that Kidder, Peabody takes no
responsibility for your present recalcitrance or for
any recalcitrance you have exhibited in the past.
Petitioner replied with a letter arguing that he had sought
liquidation of his account many times in the past. The letter
concluded:
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011