MacPeg Ross O'Connell & Goldhaber, Inc. v. Castello

MEMORANDUM AND ORDER

McLAUGHLIN, District Judge.

This action involves counterclaims under federal and state law. Defendants move for summary judgment to dismiss all of plaintiff’s claims and to award defendants judgment on one counterclaim. For the reasons discussed below, the motion is denied without prejudice.

FACTS

The defendants traded in stock options in accounts opened with plaintiff, a corporate broker-dealer. Unfortunately for defendants, their investment decisions proved less than astute and they sustained large losses. Unfortunately for plaintiff, its broker-employee who executed the…