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SHULICK v. PAINEWEBBER, INC.

554 Pa. 524 (1998)

722 A.2d 148

Meyer W. SHULICK, on behalf of himself and all other individuals similarly situated, Appellant, v. PAINEWEBBER, INC., Appellee.

Supreme Court of Pennsylvania.

Decided December 23, 1998.

Attorney(s) appearing for the Case

Edward Seglias, Philadelphia, for Meyer W. Shulik.

Alan C. Kessler, Philadelphia, for Paine Webber, Inc.

Before FLAHERTY, C.J., and ZAPPALA, CAPPY, CASTILLE, NIGRO, NEWMAN and SAYLOR, JJ.

OPINION OF THE COURT

FLAHERTY, Chief Justice.

This is an appeal by allowance from an order of Superior Court which affirmed the dismissal upon preliminary objections of a suit filed by the appellant, Meyer W. Shulick.1 At issue is whether appellant, as a customer of the securities broker Paine Webber, Inc., can maintain a state common law cause of action against Paine Webber on the basis of an alleged inadequate disclosure...

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