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WOLF v. FORD

No. 104, September Term, 1993.

335 Md. 525 (1994)

644 A.2d 522

ELIZABETH L. WOLF v. HARRY M. FORD, JR. ET AL.

Court of Appeals of Maryland.

July 18, 1994.

Attorney(s) appearing for the Case

Frank E. Trock (Charles B. Zuravin, Charles B. Zuravin, P.A., all on brief), Columbia, for appellant.

Andrew J. Bowden (Legg Mason Wood Walker, Inc., all on brief), Stuart R. Berger (Weinberg and Green, all on brief), Baltimore, for appellee.

Argued before MURPHY, C.J., and ELDRIDGE, RODOWSKY, CHASANOW, KARWACKI, BELL and RAKER, JJ.

KARWACKI, Judge.

In this case we focus upon the enforceability of an exculpatory clause in an agreement between an investor and a securities investment firm. The clause at issue provides that the investment firm will not be liable for losses to the investor resulting from the firm's negligence, but only for those losses resulting from its gross negligence or wilful misconduct. Under the circumstances of the instant case, we shall enforce the exculpatory clause. Viewing...

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