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GILMAN v. WHEAT, FIRST SECURITIES, INC.

Civ. No. JFM-95-1245.

896 F.Supp. 507 (1995)

Michael G. GILMAN v. WHEAT, FIRST SECURITIES, INC.

United States District Court, D. Maryland.

July 31, 1995.

Attorney(s) appearing for the Case

John B. Isbister, Tydings and Rosenberg, Baltimore, MD, Richard M. Meyer, Milberg, Weiss, Bershad, Hynes and Lerachlerach, New York City, for plaintiff.

Michael Patrick McQuillen, John Ray Range, Hunton and Williams, Washington, DC, James E. Farnham, Michael R. Shebelskie, Hunton and Williams, Richmond, VA, for defendant.

MEMORANDUM

MOTZ, Chief Judge.

I. Introduction

Plaintiff Michael G. Gilman brings this suit as class representative against Wheat, First Securities, Inc. alleging various Maryland statutory and common law violations in connection with defendant's alleged receipt of payment for order flow. The purported class of "several thousand persons" comprises all persons who have had a brokerage account with defendant for whom defendant executed transactions...

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