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SIEDMAN v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.

No. 75 Civ. 6316 (GLG).

465 F.Supp. 1233 (1979)

Sol SIEDMAN, Plaintiff, v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INCORPORATED, Defendant.

United States District Court, S. D. New York.

February 28, 1979.

Attorney(s) appearing for the Case

Julien, Schlesinger & Finz, P.C., New York City, for plaintiff by David Jaroslawicz, New York City, of counsel.

Brown, Wood, Ivey, Mitchell & Petty, New York City, for defendant by E. Michael Bradley, A. Robert Pietrzak, New York City, of counsel.

OPINION

GOETTEL, District Judge:

In this case, which has already been the subject of proceedings in this Court and extended arbitration hearings, the defendant moves for summary judgment.

As set forth in an earlier opinion of this Court, the plaintiff, Siedman, a man experienced in the brokerage field, had been a customer of Weis Securities, Inc. ("Weis") and had maintained a margin account there. Seidman was advised by Weis in May of 1973 to transfer...

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