MERRILL LYNCH v. McLEOD


208 A.D.2d 81 (1995)

Merrill Lynch, Pierce, Fenner & Smith, Inc., et al., Respondents, v. Marlene B. McLeod, Appellant

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

February 23, 1995


Attorney(s) appearing for the Case

Seth E. Lipner of counsel (Deutsch & Lipner, attorneys), for appellant.

Lawrence E. Fenster of counsel (Francis S. Chlapowski on the brief; Orrick, Herrington & Sutcliffe, attorneys), for respondents.

SULLIVAN, J. P., ROSS, RUBIN and WILLIAMS, JJ., concur.


WALLACH, J.

Respondent, a Florida domiciliary with limited investment experience, invested a total of $200,000 with petitioners at their Florida office, over the period 1986-1988. Five years later, asserting misrepresentation as to the value and suitability of her portfolio, respondent brought a claim against these brokers for compensatory and punitive damages, interest, costs and attorneys' fees by demanding...

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