Legal Opinion
Apt v. Morgan Stanley DW, Inc.
Appellate Division of the Supreme Court of the State of New York
Decided March 11, 2014Published
1Opinion of the Court
Order, Supreme Court, New York County (Jeffrey K. Oing, J.), entered December 11, 2012, which granted the motion of defendants Morgan Stanley DW Inc. and Morgan Stanley & Co., Inc. (collectively, Morgan Stanley) to dismiss the complaint pursuant to CPLR 3211 (a) (5), unanimously affirmed, without costs.
In 2004 and 2005, nonparty Charles Winitch, while an employee of Morgan Stanley, allegedly churned trades on decedent Nellie Apt’s brokerage accounts at the firm, obtaining at least $300,000 in commissions. On August 29, 2005, Morgan Stanley terminated Winitch after New York Stock Exchange…
2Cases cited6 opinions
- Eurycleia Partners, LP v. Seward & Kissel, LLPNew York Court of Appeals · 2009
- Gutkin v. SiegalAppellate Division of the Supreme Court of the State of New York · 2011
- Saphir International, SA v. UBS PaineWebber Inc.Appellate Division of the Supreme Court of the State of New York · 2006
- Gonik v. Israel Discount BankAppellate Division of the Supreme Court of the State of New York · 2011
- Yang v. Morgan Stanley Dean WitterAppellate Division of the Supreme Court of the State of New York · 2001
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