GUICE v. SCHWAB & CO.


214 A.D.2d 53 (1995)

630 N.Y.S.2d 317

Kenneth H. Guice, Appellant, v. Charles Schwab & Co., Inc., Respondent

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

August 10, 1995


Attorney(s) appearing for the Case

Richard M. Meyer of counsel, New York City (Milberg Weiss Bershad Hynes & Lerach, attorneys), for appellant.

Catherine A. Ludden of counsel, New York City (John E. Failla on the brief; Morgan, Lewis & Bockius, attorneys), for respondent.

ELLERIN, J. P., WALLACH, NARDELLI and MAZZARELLI, JJ., concur.


KUPFERMAN, J.

In this class action seeking damages and injunctive relief against defendant, a discount brokerage firm, the issue presented is whether plaintiff's complaint, seeking injunctive relief and damages under various State law theories as the result of defendant's practice of directing its customers' orders to certain market makers in return for cash and nonmonetary payments for such "order flow", violates...

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