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TOWNSEND v. MERRILL LYNCH FUTURES, INC.

187 A.D.2d 326 (1992)

Peter R. Townsend, Appellant, v. Merrill Lynch Futures, Inc., et al., Defendants, and Heinold Commodities, Inc., Respondent

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

November 17, 1992

In 1984 and 1985 plaintiff was a customer of defendant Thierry R. de Coninck, an account executive employed by defendant Merrill Lynch until June 1984, and thereafter by defendant-respondent Heinold Commodities, Inc., a Chicago-based commodities broker. In February 1988 plaintiff commenced an action in Supreme Court, New York County alleging that he lost over $670,000 through unauthorized speculative trading in commodities index...

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