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MATTER OF PAINEWEBBER INC. v. McADAMS

212 A.D.2d 464 (1995)

623 N.Y.S.2d 198

In the Matter of Painewebber Incorporated et al., Respondents, v. Irene A. McAdams, Appellant

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

February 23, 1995

In the early part of 1984, respondent-appellant Irene A. McAdams (McAdams), a resident of Michigan, was solicited to open an account by petitioner-respondent Paul Laszlo (Laszlo), a Michigan account executive employed by the Michigan office of petitioner-respondent Painewebber Incorporated (Painewebber), a Delaware corporation, licensed to conduct business in Michigan. Respondent had been disabled since 1969 and lived on a fixed income.

Thereafter litigation ensued...

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