Legal Opinion
Robert P. BIGGANS, Appellant, v. BACHE HALSEY STUART SHIELDS, INC., F/T/A Bache Halsey Stuart, Inc.
Court of Appeals for the Third Circuit
Decided January 22, 1981No. 80-1281PublishedCited by 79 opinions
1Opinion of the Court
OPINION OF THE COURT
SLOVITER, Circuit Judge.
The issue on appeal is whether a suit claiming damages from a brokerage house for “churning”, or excessive trading of a customer’s account, in violation of the federal securities laws is governed by the statute of limitations applicable to actions brought under the Pennsylvania Securities Act or applicable to common law fraud actions. We hold that the limitations period applied to fraud actions is controlling.
I
Robert P. Biggans, appellant, opened a discretionary trading account with Bache Halsey Stuart Shields, Inc. (Bache) in June 1975. Accepting…
2Cases cited16 opinions
- Fed. Sec. L. Rep. P 96,366 Benjamin A. Cook v. Avien, Inc., James F. Pritchard, Benjamin A. Cook v. Avien, Inc.Court of Appeals for the First Circuit · 1978
- Cyril M. HUDAK, Plaintiff-Appellee, v. ECONOMIC RESEARCH ANALYSTS, INC., and Richard W. McIntyre, Defendants-AppellantsCourt of Appeals for the Fifth Circuit · 1974
- Newburger, Loeb & Co. v. GrossCourt of Appeals for the Second Circuit · 1977
- Twomey v. Mitchum, Jones & Templeton, Inc.California Court of Appeal · 1968
- Roberts v. Magnetic Metals Co.Court of Appeals for the Third Circuit · 1979
11 more not listed; retrieve them via the Exa API.
3Cited by79 opinions
- In Re Data Access Systems Securities Litigation. Appeal of Tolins & Lowenfels & Roger A. Tolins. Appeal of I. Kahlowsky and Co. And Peter CunicelliCourt of Appeals for the Third Circuit · 1988
- In Re Catanella and EF Hutton and Co.District Court, E.D. Pennsylvania · 1984
- Kronenberg v. KatzCourt of Chancery of Delaware · 2004
- School District of the City of Allentown v. Ray Marshall, Secretary of Labor, U. S. Department of Labor and Edward HannaCourt of Appeals for the Third Circuit · 1981
- Hill v. Equitable Trust Co.Court of Appeals for the Third Circuit · 1988
74 more not listed; retrieve them via the Exa API.