Legal Opinion
Petersen v. Securities Settlement Corp.
California Court of Appeal
Decided January 18, 1991No. D010395PublishedCited by 17 opinions
1Opinion of the Court
Opinion
BENKE, Acting P. J.
In this case, plaintiff Bette Petersen appeals from a judgment dismissing her fraud and breach of fiduciary duty claims against Securities Settlement Corporation (SSC), which acted as a clearing agent for a series of stock transactions in which she and her late husband engaged. The judgment was entered following an order granting SSC’s motion for summary judgment.
Because we find the scope of SSC’s duties as a clearing agent was relatively narrow and did not include providing Petersen with investment advice, we affirm.
Factual Summary
SSC and Petersen do not dispute…
2Cases cited8 opinions
- Fed. Sec. L. Rep. P 96,916 Edwards & Hanly v. Wells Fargo Securities Clearance CorporationCourt of Appeals for the Second Circuit · 1979
- Twomey v. Mitchum, Jones & Templeton, Inc.California Court of Appeal · 1968
- Duffy v. CavalierCalifornia Court of Appeal · 1989
- Cascade Gardens Homeowners Ass'n v. McKellar & AssociatesCalifornia Court of Appeal · 1987
- Wells v. John Hancock Mutual Life InsuranceCalifornia Court of Appeal · 1978
3 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Apollo Capital Fund, LLC v. Roth Capital Partners, LLCCalifornia Court of Appeal · 2007
- Hoffman v. 162 North Wolfe CA6California Court of Appeal · 2014
- Violette v. ShoupCalifornia Court of Appeal · 1993
- Andrea Juncadella v. Robinhood Financial LLCCourt of Appeals for the Eleventh Circuit · 2023
- Asplund v. Selected Invs. in Fin. Equities, Inc.California Court of Appeal · 2000
12 more not listed; retrieve them via the Exa API.