STRONG v. PAINE WEBBER, INC.

No. 85 Civ. 1967 (TPG).

700 F.Supp. 4 (1988)

Marianne STRONG, Diana Davenport, Colin Campbell, Robert Watt and Marion Augusta Von Heisermann, Plaintiffs, v. PAINE WEBBER, INC., S. Dean MacGuigan and Michael Becker, Defendants.

United States District Court, S.D. New York.

October 12, 1988.


Attorney(s) appearing for the Case

Howard F. Husum, Thomas A. Andrews, P.C., New York City, for plaintiffs.

Garry J. Stegeland, PaineWebber Inc., Legal Dept., Douglas R. Jensen, Gaston & Snow, New York City, for defendants.


OPINION

GRIESA, District Judge.

Plaintiffs are five individuals — Marianne Strong, Diana Davenport, Colin Campbell, Robert Watt and Marion Augusta Von Heisermann — who opened and maintained securities accounts with PaineWebber, Inc. in the early 1980's. S. Dean MacGuigan was the PaineWebber account executive responsible for these accounts.

Plaintiffs suffered substantial losses in their accounts...

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