RUSSO v. SIMMONS

No. 88 Civ. 8201 (PKL).

723 F.Supp. 220 (1989)

Thomas and Maryann RUSSO, Plaintiffs, v. Leonard SIMMONS and Shearson Lehman Hutton, Inc., Defendants.

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

October 23, 1989.


Attorney(s) appearing for the Case

Beigel & Sandler, Ltd., New York City (Lewis S. Sandler, of counsel), for plaintiffs.

Shanley & Fisher, New York City (Matthew Farley, Ronald V. Fizzarotti, of counsel), for defendants.


ORDER & OPINION

LEISURE, District Judge:

Plaintiffs Thomas and Maryann Russo bring this action against Shearson Lehman Hutton, Inc. ("Shearson Lehman Hutton") and Leonard Simmons, an account executive formerly at E.F. Hutton's White Plains offices. Plaintiffs allege that defendants violated Section 10(b) of the Securities Exchange Act of 1934, committed common law fraud, and breached their fiduciary duties to plaintiffs in connection with a brokerage...

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