PERL v. SMITH BARNEY INC.


230 A.D.2d 664 (1996)

646 N.Y.S.2d 678

Ruth Perl, Respondent, v. Smith Barney Inc., Appellant

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

August 22, 1996


Plaintiff is a California resident who brought this purported class action against defendant brokerage because she was charged an "Asset Transfer Fee" of $50 each when she closed two brokerage accounts with defendant, one opened in 1990 and the other opened in May or July of 1994. Plaintiff alleges the fee was charged without adequate notice to or the consent of plaintiff and the other members of the class. The amended complaint alleges four causes of action for breach of...

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