Legal Opinion
Fesseha v. TD Waterhouse Investor Services, Inc.
New York Supreme Court
Decided March 20, 2002PublishedCited by 5 opinions
1Opinion of the Court
OPINION OF THE COURT
Charles Edward Ramos, J.
Defendants TD Waterhouse Investor Services, Inc. (TD Waterhouse) and John Chapel, president of defendant, move pursuant to CPLR 3211 (a) (1) and (7); 3016 and 3013 to dismiss the action.
The issue in this action is whether a broker is required when making a margin call to give a customer notice and an opportunity to cure by delivering additional cash or securities when the equity in the account falls below the margin maintenance requirement.
Plaintiff Youm Fesseha established a TD Waterhouse trading account on July 27, 1999. On Friday, April 14, 2000,…
2Cases cited22 opinions
- Dalton v. Educational Testing ServiceNew York Court of Appeals · 1995
- Stutman v. Chemical BankNew York Court of Appeals · 2000
- Thomas Conway, Plaintiff-Appellee-Cross-Appellant v. Icahn & Co., Inc., Defendant-Appellant-Cross-AppelleeCourt of Appeals for the Second Circuit · 1994
- Peters Griffin Woodward, Inc. v. WCSC, Inc.Appellate Division of the Supreme Court of the State of New York · 1982
- William Kaufman Organization, Ltd. v. Graham & James L. L. P.Appellate Division of the Supreme Court of the State of New York · 2000
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3Cited by5 opinions
- Fesseha v. TD Waterhouse Investor Services, Inc.Appellate Division of the Supreme Court of the State of New York · 2003
- Morgan Stanley & Co. v. Peak Ridge Master SPC Ltd.District Court, S.D. New York · 2013
- Stolt-Nielsen SA v. Animalfeeds International Corp.District Court, S.D. New York · 2006
- Antonini v. PetitoAppellate Division of the Supreme Court of the State of New York · 2012
- Antonini v. PetitoAppellate Division of the Supreme Court of the State of New York · 2012