Legal Opinion
Twin Fires Investment, LLC v. Morgan Stanley Dean Witter & Co.
Massachusetts Supreme Judicial Court
Decided November 30, 2005PublishedCited by 101 opinions
1Opinion of the CourtMarshall, C.J.
The issue in this case is whether the plaintiffs, who sought to benefit from a technology company’s initial public offering (IPO), are entitled to recover a claimed loss of over $12 million from a national brokerage firm because, contrary to the plaintiffs’ expectations, the firm did not allocate shares of the company’s stock to them on the morning of the IPO.
The plaintiff, Twin Fires Investment, LLC (Twin Fires), organized by the plaintiff Stephens W. Dunne and others for the purpose of purchasing the shares at issue, sued stockbroker Andrew Finch and his employer Morgan Stanley Dean Witter…
2Cases cited31 opinions
- Linthicum v. ArchambaultMassachusetts Supreme Judicial Court · 1979
- Davis v. Boston Elevated Railway Co.Massachusetts Supreme Judicial Court · 1920
- Bartley v. PhillipsMassachusetts Supreme Judicial Court · 1944
- Fabre v. WaltonMassachusetts Supreme Judicial Court · 2004
- New England Canteen Service, Inc. v. AshleyMassachusetts Supreme Judicial Court · 1977
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3Cited by101 opinions
- Shaulis v. Nordstrom, Inc.Court of Appeals for the First Circuit · 2017
- U.S. Bank National Ass'n v. SchumacherMassachusetts Supreme Judicial Court · 2014
- Klairmont v. Gainsboro Restaurant, Inc.Massachusetts Supreme Judicial Court · 2013
- Passatempo v. McMenimenMassachusetts Supreme Judicial Court · 2012
- Federal Insurance Co v. HPSC, Inc.Court of Appeals for the First Circuit · 2007
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