1. Home
  2. Browse Decisions
  3. A.D.2d
  4. 187 A.D.2d
  5. 187 A.D.2d 272 (1992)
 

BALFOUR MACLAINE CORP. v. NAT'L UNION FIRE INS. CO. OF PITTSBURGH

187 A.D.2d 272 (1992)

Balfour Maclaine Corp. et al., Appellants, v. National Union Fire Insurance Company of Pittsburgh, Respondent

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

November 5, 1992

We agree with the IAS Court that introducing brokers are neither employees of nor registered representatives associated with futures commodity merchants, but independent contractors separately registered with the Commodity Futures Trading Commission. Accordingly, plaintiff merchant may not look to its fidelity bond with defendant insurance company for defalcations of the introducing brokers, the latter being neither plaintiff's employees nor registered representatives associated...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases