SCALP & BLADE, INC. v. ADVEST, INC.


281 A.D.2d 882 (2001)

722 N.Y.S.2d 639

SCALP & BLADE, INC., et al., Appellants, v. ADVEST, INC., et al., Respondents.

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

Decided March 21, 2001.


Order unanimously modified on the law and as modified affirmed with costs to plaintiffs in accordance with the following Memorandum: Plaintiffs, a not-for-profit corporation and a charitable trust established by the corporation, commenced this action against defendants, an individual investment advisor/securities broker and his firm, alleging that defendants invested plaintiffs' assets in various speculative, risky, and otherwise unsuitable investments. Supreme Court erred...

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