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SCHECKTER v. RYAN

161 A.D.2d 344 (1990)

Ronald M. Scheckter et al., Respondents, v. Peter A. Ryan, Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

May 10, 1990

During the period March 1985 through October 1986, plaintiffs maintained brokerage accounts at Shearson Lehman Brothers which were serviced by defendant. On August 14, 1987 defendant executed an affidavit of confession of judgment in which he admitted that while acting as account representative on plaintiffs' accounts, he made misrepresentations and engaged in unauthorized trading, resulting in losses to the accounts exceeding ...

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