Legal Opinion
Chang v. Lin
Court of Appeals for the Second Circuit
Decided July 30, 1987No. Nos. 816, 908, Dockets 86-7944, 86-9050PublishedCited by 43 opinions
1Opinion of the Court
WINTER, Circuit Judge:
The plaintiffs commenced this action in September 1984 against the brokerage firm of Merrill Lynch, Pierce, Fenner & Smith, Inc. and Allison Lin, a former employee of Merrill Lynch. The plaintiffs’ principal allegation is that Lin mismanaged their securities account by engaging in “churning,” the excessive trading in securities for the purpose of generating commissions. They further contend that Merrill Lynch failed properly to supervise Lin’s handling of their account. The complaint alleges that the defendants’ actions violated the Securities Act of 1933, 15 U.S.C. §…
2Cases cited10 opinions
- Dean Witter Reynolds Inc. v. ByrdSupreme Court of the United States · 1985
- Shearson/American Express Inc. v. McMahonSupreme Court of the United States · 1987
- Wilko v. SwanSupreme Court of the United States · 1953
- Nederlandse Erts-Tankersmaatschappij, N v. V. Isbrandtsen Company, Inc. And Jacob IsbrandtsenCourt of Appeals for the Second Circuit · 1964
- Sam Reisfeld & Son Import Company v. S. A. EtecoCourt of Appeals for the Fifth Circuit · 1976
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3Cited by43 opinions
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- Ackerberg v. JohnsonCourt of Appeals for the Eighth Circuit · 1989
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- Jeske v. BrooksCourt of Appeals for the Fourth Circuit · 1989
- TERMINIX INTERN. CO. LTD. P'SHIP v. JacksonSupreme Court of Alabama · 1995
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