Cavanaugh v. McDonnell & Co. Inc.

The plaintiff, a resident of this Commonwealth, is a security salesman for the defendant, a member of the New York Stock Exchange, which does business in this Commonwealth. He brings this suit for discovery in aid of prospective arbitration proceedings which he plans to commence against the defendant in accordance withTthe constitution and rules of the exchange. Allegations of the bill set up a cause of action in deceit (see Pietrazak v. McDermott, 341 Mass. 107, 108; Powell v. Rasmussen, 355 Mass. 117, 119) in that the defendant intentionally made false representations of material facts to…