Ordered that the order is reversed insofar as appealed from, on the law, with costs, the motion is granted, and the complaint is dismissed.
The plaintiffs instituted this action to recover payment on a promissory note in the amount of $153,099.38, executed by the defendant, who was their stockbroker. The consideration for the note was losses allegedly sustained by the plaintiffs' pension account as a result of the defendant's unauthorized trades, or "churning" of...
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