Legal Opinion
Rolf v. Blyth Eastman Dillon & Co., Inc.
District Court, S.D. New York
Decided January 17, 1977No. 73 Civ. 2967PublishedCited by 54 opinions
1Opinion of the Court
PIERCE, District Judge.
OPINION AND ORDER
This securities action brought by plaintiff David E. Rolf presents important questions concerning the duties and responsibilities of a broker dealer and its registered representative under circumstances in which their customer is being defrauded by his investment adviser. Unlike the usual case brought under the federal securities laws, here it is clear that fraud and breach of fiduciary duty are present. The key questions in this case are whether the broker aided or participated in the fraud, and whether the broker and his employer took adequate steps…
2Cases cited45 opinions
- Securities & Exchange Commission v. Chenery Corp.Supreme Court of the United States · 1947
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Green v. Wolf Corp.Court of Appeals for the Second Circuit · 1968
- Fed. Sec. L. Rep. P 93,959 Frank Lanza, Jr. v. Drexel & Co., Theodore J. Kircher and Christie F. VitoloCourt of Appeals for the Second Circuit · 1973
- Myzel v. FieldsCourt of Appeals for the Eighth Circuit · 1967
40 more not listed; retrieve them via the Exa API.
3Cited by54 opinions
- Rolf v. Blyth, Eastman Dillon & Co.Court of Appeals for the Second Circuit · 1978
- Fed. Sec. L. Rep. P 96,861 Gerald Mansbach v. Prescott, Ball & TurbenCourt of Appeals for the Sixth Circuit · 1979
- Fed. Sec. L. Rep. P 97,872 Lila A. Miley v. Oppenheimer & Company, Inc., Anthony L. Geller and John W. HamiltonCourt of Appeals for the Fifth Circuit · 1981
- Greene v. WCI Holdings Corp.District Court, S.D. New York · 1997
- Rolf v. Blyth, Eastman Dillon & Co.Court of Appeals for the Second Circuit · 1978
49 more not listed; retrieve them via the Exa API.