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MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. v. COLE

(10473) (10474)

189 Conn. 518 (1983)

MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. v. MORTON E. COLE MORTON E. COLE v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC., ET AL.

Supreme Court of Connecticut.

Decision released March 15, 1983.

Attorney(s) appearing for the Case

Morton E. Cole, with whom, on the brief, was Cyril Cole, for the appellant (defendant in the first case, plaintiff in the second case).

Philip S. Walker, with whom, on the brief, was Felix J. Springer, for the appellee (plaintiff in the first case, defendant in the second case).

PETERS, HEALEY, PARSKEY, SHEA and GRILLO, JS.

PARSKEY, J.

These cases arise out of a transaction involving the sale of shares of stock of the Connecticut General Life Insurance Company (CG) owned by Morton E. Cole (Cole). In one case (Merrill Lynch case) the stock brokerage firm of Merrill Lynch, Pierce, Fenner & Smith, Inc. (Merrill Lynch) brought an action against Cole for breach of contract by Cole to sell Merrill Lynch 5000 shares of CG stock. In the other case (Cole case) Cole sued Merrill Lynch in six...

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