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LaBIER v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.

177 A.D.2d 767 (1991)

Silas LaBier et al., Respondents, v. Merrill Lynch, Pierce, Fenner & Smith, Inc., et al., Appellants

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

November 7, 1991

Mikoll, J.

Plaintiffs invested $25,000 in the purchase of a limited partnership investment in North American Railcar Partners, Ltd., proposed to them by defendant Walter Marvin, agent for defendant Merrill Lynch, Pierce, Fenner & Smith, Inc. The investment was purchased by Merrill Lynch for plaintiffs on May 15, 1981. The investment was unprofitable and resulted in losses to plaintiffs. Plaintiffs sued defendants...

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