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SMITH v. PETROU

No. 86 Civ. 844 (WCC).

705 F.Supp. 183 (1989)

Patricia F. SMITH and Jennifer F. Collins, Conservators of the Estate and Person of Ruth J. Robbins, Plaintiffs, v. Dimitri PETROU and Shearson/American Express Inc., Defendants.

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

February 10, 1989.

Attorney(s) appearing for the Case

Brashich and Finley, New York City, for plaintiffs; Deyan Ranko Brashich, of counsel.

Thomas E. Hommel, Jeffrey L. Friedman, Shearson Lehman Bros. Inc., Office of Gen. Counsel, New York City, for defendants.

OPINION AND ORDER

WILLIAM C. CONNER, District Judge:

PROCEDURAL HISTORY

Plaintiffs (Ruth J. Robbins, by her conservatrices and nieces, Patricia F. Smith and Jennifer F. Collins) originally instituted this action against defendants Otis Bradley, Dimitri Petrou, and Shearson/American Express. Count One of plaintiffs' complaint alleged that Bradley breached his fiduciary duty to Robbins by investing in speculative securities in disregard of her mental...

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