Legal Opinion
McDaniel v. Bear Stearns & Co., Inc.
District Court, S.D. New York
Decided January 25, 2002No. 01 CIV. 7054(SAS)PublishedCited by 32 opinions
1Opinion of the Court
OPINION AND ORDER
SCHEINDLIN, District Judge.
Bear Stearns & Co., Inc. (“Bear Stearns”), a New York investment bank, offers clearing services for other broker-dealers through its subsidiary Bear Stearns Securities Corporation (“BSSC”). BSSC served as the clearing firm for broker-dealer A.R. Baron (“Baron”) at a time when Baron engaged in criminal and fraudulent conduct. Petitioners Bernard and Maureen McDaniel (“Claimants”) were Baron customers during this time.
On July 81, 2001, an arbitration panel (the “Panel”) found Bear Stearns and BSCC (collectively “Bear”) jointly and severally liable to…
2Cases cited45 opinions
- Dean Witter Reynolds Inc. v. ByrdSupreme Court of the United States · 1985
- United Paperworkers International Union v. Misco, Inc.Supreme Court of the United States · 1987
- Shearson/American Express Inc. v. McMahonSupreme Court of the United States · 1987
- Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin EngelmanCourt of Appeals for the Second Circuit · 1994
- Mastrobuono v. Shearson Lehman Hutton, Inc.Supreme Court of the United States · 1995
40 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- SFM Holdings Ltd. v. Banc of America Securities, LLCCourt of Appeals for the Eleventh Circuit · 2010
- Michael E. Wallace, David Jacaruso and Joseph Scotti v. Daljit S. Buttar and Paramjit Buttar, Robert Winston, AdditionalCourt of Appeals for the Second Circuit · 2004
- Pension Committee of the University of Montreal Pension Plan v. Banc of America Securities, LLCDistrict Court, S.D. New York · 2006
- In Re Enron Corp. Securities, Derivative & ERISA Lit.District Court, S.D. Texas · 2002
- Bear, Stearns & Co., Inc., Bear, Stearns Securities Corp., and Richard Harriton v. 1109580 Ontario, Inc., Docket No. 04-3632-CvCourt of Appeals for the Second Circuit · 2005
27 more not listed; retrieve them via the Exa API.