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MERRILL LYNCH, PIERCE, FENNER & SMITH v. CHENG

Civ. No. 86-2545 (RCL).

697 F.Supp. 1224 (1988)

MERRILL LYNCH, PIERCE, FENNER & SMITH, INC., Plaintiff, v. Rolando CHENG and Anita Ong Cheng, Defendants and Third-Party Plaintiffs, v. William J. GRACE, Jr., Third-Party Defendant.

United States District Court, District of Columbia.

August 2, 1988.

Attorney(s) appearing for the Case

Jeffrey P. Bloom (argued), Scott J. Bomson and Stuart J. Gordon with him on brief, Baskin, Flaherty, Elliott, Mannino & Gordon, Washington, D.C., for plaintiff and third-party defendant Grace.

Joel M. Finkelstein (argued), Margolius, Davis, Finkelstein & Rider, Washington, D.C., for defendants Cheng and third-party plaintiffs.

MEMORANDUM OPINION AND ORDER

LAMBERTH, District Judge.

Plaintiff Merrill Lynch, Pierce, Fenner & Smith, Inc. brings this action against Rolando and Anita Ong Cheng to recover a debt they allegedly owe as a result of securities transactions. The Chengs have counterclaimed against Merrill Lynch, and brought a third party complaint against broker William J. Grace, Jr., for breach of fiduciary duty, negligence...

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