CMMF, LLC v. J.P. Morgan Investment Management Inc.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Order, Supreme Court, New York County (Melvin L. Schweitzer, J), entered December 11, 2009, which granted defendants’ motion to the extent of dismissing the second and third causes of action and limiting the first cause of action, and denied dismissal of the fourth cause of action, unanimously affirmed, with costs.
Defendant J.E Morgan and its broker, defendant Ufferfilge, were hired to oversee and manage plaintiff’s discretionary investment account. Plaintiff and J.E Morgan entered into an investment management agreement (IMA) which, inter alia, gave J.E Morgan “complete discretion and…
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