Legal Opinion
Marsh v. Prudential Securities Inc.
New York Court of Appeals
Decided November 24, 2003PublishedCited by 12 opinions
POINTS OF COUNSEL
1Opinion of the Court
OPINION OF THE COURT
Graffeo, J.
Defendant Prudential Securities Incorporated offers an optional investment benefit to a special class of its employees— financial advisors—that is designed to defer taxes on a portion of their income. Periodic contributions from the earnings of these employees are used to purchase shares in a public stock index fund. The question in this case, certified to us by the United States Court of Appeals for the Third Circuit, is whether this plan violates New York Labor Law § 193. We conclude that it does not.
In 1999, Prudential offered its professional financial…
2Cases cited5 opinions
- Truelove v. Northeast Capital & Advisory, Inc.New York Court of Appeals · 2000
- Hudacs v. Frito-Lay, Inc.New York Court of Appeals · 1997
- Tuttle v. Geo. McQuesten Co.Appellate Division of the Supreme Court of the State of New York · 1996
- Jacobs v. Macy's East, Inc.Appellate Division of the Supreme Court of the State of New York · 1999
- Edlitz v. Nipkow & Kobelt, Inc.Appellate Division of the Supreme Court of the State of New York · 1999
3Cited by12 opinions
- Weems v. Citigroup, Inc.Supreme Court of Connecticut · 2008
- Gilmore v. Citigroup, Inc.Court of Appeals for the First Circuit · 2008
- Kim v. Citigroup, Inc.Appellate Court of Illinois · 2006
- Rosen v. Smith Barney, Inc.New Jersey Superior Court Appellate Division · 2007
- Angello v. Labor Ready, Inc.New York Court of Appeals · 2006
7 more not listed; retrieve them via the Exa API.