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SCHULZE v. LEGG MASON WOOD WALKER, INC.

Civ. A. No. 93-82J.

865 F.Supp. 277 (1994)

Winnie L. SCHULZE and Jason C. Schulze and Chad J. Schulze, Plaintiffs, v. LEGG MASON WOOD WALKER, INC., Defendant.

United States District Court, W.D. Pennsylvania.

September 14, 1994.

Attorney(s) appearing for the Case

Loreen M. Kemps, Emerick & Kemps, Duncansville, PA, for plaintiffs.

Mark S. Stewart, Robert R. Baron, Jr., Ballard Spahr Andrews & Ingersoll, Philadelphia, PA, for defendant.

OPINION

D. BROOKS SMITH, District Judge.

Winifred, Jason, and Chad Schulze (the "plaintiffs") seek compensatory and punitive damages from Legg Mason Wood Walker, Inc. ("Legg Mason"), an investment brokerage firm, for selling assets in stock investment accounts held jointly by the plaintiffs and Kenneth Schulze, a delinquent taxpayer, and forwarding the proceeds to the IRS. Legg Mason acted in response to an IRS-issued levy on property owned by Kenneth Schulze...

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