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MERRILL LYNCH, PIERCE, ETC. v. PERELLE

356 Pa.Super. 165 (1986)

514 A.2d 552

MERRILL LYNCH, PIERCE, FENNER & SMITH, Appellee, v. Ira B. PERELLE, Appellant. MERRILL LYNCH, PIERCE, FENNER & SMITH, Appellant, v. Ira B. PERELLE, Appellee.

Supreme Court of Pennsylvania.

Filed August 13, 1986.

Attorney(s) appearing for the Case

David E. Sandel Jr., Philadelphia, for appellant (at 706) and for appellee (at 759).

C. Clark Hodgson, Jr., and Stephen C. Baker, Philadelphia, for appellant (at 759) and for appellee (at 706).

Before ROWLEY, McEWEN and HOFFMAN, JJ.

McEWEN, Judge:

Merrill Lynch, Pierce, Fenner & Smith, Inc. (hereinafter Merrill Lynch, appellant), a brokerage firm with offices in Philadelphia, instituted suit against appellee, Dr. Ira Perelle (hereinafter appellee), seeking sums allegedly due and owing to Merrill Lynch following liquidation of a margin account1 maintained by appellee. Appellee counterclaimed for damages resulting from, inter alia, an alleged breach of the...

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