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

No. 85 Civ. 8354 (WCC).

639 F.Supp. 1391 (1986)

Saul LEVINE and Marion Levine, Plaintiffs, v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC., and Jesse Scott, Defendants.

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

July 22, 1986.

Attorney(s) appearing for the Case

Alexander A. Koblen, New York City, for plaintiffs.

Bressler, Director & Rothenberg, New York City, for defendants; David J. Olesker, Brian F. Amery, of counsel.

OPINION AND ORDER

WILLIAM C. CONNER, District Judge.

Plaintiffs Saul and Marion Levine ("the Levines") brought this action against Merrill Lynch, Pierce, Fenner & Smith, Incorporated ("Merrill Lynch"), a securities brokerage house, and Jesse Scott ("Scott"), a Merrill Lynch account representative, alleging that defendants fraudulently induced them to trade in options and churned their account, resulting in a net loss of approximately $147,000. Plaintiffs...

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