Legal Opinion
Johnson v. Barthur Espey, Shearson, Hammill & Co.
District Court, S.D. New York
Decided February 3, 1972No. 70 Civ. 2704PublishedCited by 39 opinions
1Opinion of the Court
MOTLEY, District Judge.
Memorandum Opinion and Order
This action arises out of the alleged “churning” — excessive trading in order to generate commissions — of a commodities account belonging to Pennon, Inc'. (Pennon). Pennon’s account was handled by defendant Arthur Espey (Espey), a registered representative for defendant Shearson, Hammill & Co. (Shearson), a broker-dealer. Plaintiff Ben R. Johnson (Johnson) is a shareholder of Pennon and brings this suit on its behalf.
He alleges the following factual account. In 1966 Espey solicited the individual shareholders of Pennon, prior to its…
2Cases cited11 opinions
- Hawes v. OaklandSupreme Court of the United States · 1882
- Fischman v. Raytheon Mfg. Co.Court of Appeals for the Second Circuit · 1951
- Kardon v. National Gypsum Co.District Court, E.D. Pennsylvania · 1946
- Hecht v. Harris, Upham & Co.District Court, N.D. California · 1968
- Rita Gottesman v. General Motors Corporation and E. I. Du Pont De Nemours and CompanyCourt of Appeals for the Second Circuit · 1959
6 more not listed; retrieve them via the Exa API.
3Cited by39 opinions
- Merrill Lynch, Pierce, Fenner & Smith, Inc. v. CurranSupreme Court of the United States · 1982
- Fed. Sec. L. Rep. P 94,724 Securities and Exchange Commission v. Continental Commodities CorporationCourt of Appeals for the Fifth Circuit · 1974
- Leist v. SimplotCourt of Appeals for the Second Circuit · 1980
- Savino v. EF Hutton & Co., Inc.District Court, S.D. New York · 1981
- Troyer v. KarcagiDistrict Court, S.D. New York · 1979
34 more not listed; retrieve them via the Exa API.