Legal Opinion
Louros v. Kreicas
District Court, S.D. New York
Decided April 25, 2005No. 03 Civ. 1514(LAK)PublishedCited by 17 opinions
1Opinion of the Court
MEMORANDUM OPINION
KAPLAN, District Judge.
This is a cautionary tale about do-it-yourself investing. Leonard Kreicas and his attorney, Steven Louros, were amateur investors. Louros gave Kreicas authority to trade options in brokerage accounts containing what Louros says were his life’s savings and promised Kreicas a share of the profits. In July 2002, Louros realized losses of hundreds of thousands of dollars. Louros then sued Kreicas for securities fraud, common law fraud, breach of fiduciary duty, breach of contract, and negligence. Kreicas moves for summary judgment dismissing the complaint…
2Cases cited57 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Adickes v. S. H. Kress & Co.Supreme Court of the United States · 1970
- United States v. Diebold, Inc.Supreme Court of the United States · 1962
- Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
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3Cited by17 opinions
- Picard Ex Rel. Liquidation of Bernard L. Madoff Investment Securities LLC v. Madoff (In Re Bernard L. Madoff Investment Securities LLC)United States Bankruptcy Court, S.D. New York · 2011
- In Re Initial Public Offering Securities Lit.District Court, S.D. New York · 2005
- The Robert N. Clemens Trust v. Morgan Stanley Dw, Inc.Court of Appeals for the Sixth Circuit · 2007
- Picard Ex Rel. Bernard L. Madoff Investment Securities, LLC v. Estate of MadoffDistrict Court, S.D. New York · 2011
- Assured Guaranty (UK) Ltd. v. J.P. Morgan Investment Management Inc.Appellate Division of the Supreme Court of the State of New York · 2010
12 more not listed; retrieve them via the Exa API.