Legal Opinion

Stander v. Financial Clearing & Services Corp.

District Court, S.D. New York

Decided February 23, 1990No. 88 Civ. 1350 (PKL)PublishedCited by 20 opinions

1Opinion of the Court

LEISURE, District Judge.

This is a securities fraud action arising out of defendants’ allegedly improper trading in plaintiffs account. Plaintiff alleges that as a result of defendants’ improper activities, particularly during the stock market crash of October 1987, she lost her entire investment and accumulated substantial trading deficits. Defendant Financial Clearing and Services Corporation has come to the Court on behalf of itself, and any of the listed John Doe defendants affiliated with that company, urging dismissal of the first cause of action in the complaint against them, pursuant…

2Cases cited19 opinions

  1. Conley v. GibsonSupreme Court of the United States · 1957
  2. Scheuer v. RhodesSupreme Court of the United States · 1974
  3. Hishon v. King & SpaldingSupreme Court of the United States · 1984
  4. Dean Witter Reynolds Inc. v. ByrdSupreme Court of the United States · 1985
  5. Goldman v. BeldenCourt of Appeals for the Second Circuit · 1985

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3Cited by20 opinions

  1. Cromer Finance Ltd. v. BergerDistrict Court, S.D. New York · 2001
  2. Michael G. Gilman v. Bhc Securities, Inc.Court of Appeals for the Second Circuit · 1997
  3. Howard Greenberg v. Bear, Stearns & Co., Bear, Stearns & Co., Inc., and Bear, Stearns Securities Corp.Court of Appeals for the Second Circuit · 2000
  4. Kolbeck v. LIT America, Inc.District Court, S.D. New York · 1996
  5. Calle Gracey v. J.P. Morgan Chase & Co.Court of Appeals for the Second Circuit · 2013

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