Legal Opinion
Trumball Investments Ltd. I v. Wachovia Bank, N.A.
Court of Appeals for the Fourth Circuit
Decided February 3, 2006No. 05-1536PublishedCited by 6 opinions
1Opinion of the Court
Affirmed by published opinion. Judge WILKINSON wrote the opinion, in which Judge KING and Judge SHEDD joined.
OPINION
WILKINSON, Circuit Judge.
A discretionary investment account, in which an investor permits a broker to engage in trades without prior authorization, can be advantageous because it allows the broker the freedom to exercise his expertise on the investor’s behalf in accordance with the investor’s stated objectives. In this case, the clients of a bank brought suit alleging that language in a discretionary investment contract compelled the bank to follow certain oral investment…
2Cases cited10 opinions
- Merrill Lynch, Pierce, Fenner & Smith, Inc. v. CurranSupreme Court of the United States · 1982
- Securities & Exchange Commission v. ZandfordSupreme Court of the United States · 2002
- Leib v. Merrill Lynch, Pierce, Fenner & SmithDistrict Court, E.D. Michigan · 1978
- Glenn Hill v. Bache Halsey Stuart Shields Incorporated, a Delaware CorporationCourt of Appeals for the Tenth Circuit · 1986
- Ross v. CrawSupreme Court of Virginia · 1986
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3Cited by6 opinions
- Robert Goodrich v. Bank of America N.A.Court of Appeals for the D.C. Circuit · 2025
- Barton v. Constellium Rolled Products-Ravenswood, LLCCourt of Appeals for the Fourth Circuit · 2017
- Barton v. Constellium Rolled Products-Ravenswood, LLCCourt of Appeals for the Fourth Circuit · 2017
- S.C. Elec. v. RandallDistrict Court, D. South Carolina · 2018
- Goodrich v. Bank of America, N.A.District Court, District of Columbia · 2024
1 more not listed; retrieve them via the Exa API.