Casey v. Prudential Securities, Inc.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtGraffeo, J.
Appeal from an order of the Supreme Court (Hughes, J.), entered May 27, 1999 in Albany County, which, inter alla, granted plaintiff’s motion to compel disclosure.
Plaintiff commenced this putative class action lawsuit to recover money damages resulting from defendant’s alleged misrepresentations and failure to notify its customers of its use of computer-generated pricing for unlisted securities.* In November 1992 plaintiff purchased 125 shares of Pennsylvania Power Company Preferred (hereinafter PA Power Preferred), an unlisted preferred stock, allegedly upon the recommendation of one of…
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