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VAN SYCKLE v. C.L. KING & ASSOCIATES, INC.

No. 89-CV-982 [FJS].

822 F.Supp. 98 (1993)

John R. VAN SYCKLE and Jean L. Van Syckle, Plaintiffs, v. C.L. KING & ASSOCIATES, INC., and Candace King Weir, Individually and in her capacity as employee of C.L. King and Associates, Defendants.

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

May 24, 1993.

Attorney(s) appearing for the Case

O'Connell & Aronowitz, James E. Patrick, David M. Cherubin, Albany, NY, for plaintiffs.

Ferber Greilsheimer Chan & Essner, Robert N. Chan, New York City, E. Stewart Jones, Jr., Troy, NY, for defendants.

SCULLIN, District Judge:

MEMORANDUM-DECISION AND ORDER

I. Background

On July 22, 1985, plaintiffs Jean and John Van Syckle invested $732,312.32 in an investment account with defendant C.L. King & Associates, Inc. ("CLKA"). This account was managed by F. Torrance McKenna ("McKenna") until he left the company in the spring of 1987, at which time management of the account was transferred to defendant Candace King Weir ("Weir"), President...

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