French v. Merrill Lynch, Pierce, Fenner & Smith, Inc.
Court of Appeals for the Ninth Circuit
1Opinion of the Court
NELSON, Circuit Judge:
This appeal stems from a decision rendered by a duly constituted Arbitration Panel (“Panel”) of the Pacific Stock Exchange (“PSE”), holding Merrill Lynch, Pierce, Fenner & Smith, Inc. (“Merrill Lynch”) liable to R. James French (“French”), for negligent misrepresentation in connection with French’s sale of option contracts to a Merrill Lynch broker. The Panel awarded French compensatory damages of $52,925.00, interest on that award, and consequential damages of $275,000.00 resulting from lost profits. The district court confirmed the Panel’s award of compensatory damages…
2Cases cited32 opinions
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- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Bankers Trust Co. v. MallisSupreme Court of the United States · 1978
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