Swersky v. Dreyer & Traub
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Rosenberger, J. P.
This action concerns plaintiffs’ purchase on March 9, 1987 of 460,000 shares of the unregistered common stock of QMAX Technology Group, Inc. (QMAX) for $1,150,000. Defendant Howard Morse is the attorney who helped negotiate the sale on behalf of QMAX, and Dreyer and Traub is the law firm of which he is a partner. The appeal arises from defendants’ motion to dismiss the complaint under CPLR 3211. The court dismissed plaintiffs’ first four causes of action, dismissed *323plaintiffs’ request for punitive damages, limited damages to actual pecuniary loss, with no…
2Cases cited16 opinions
- Chiarella v. United StatesSupreme Court of the United States · 1980
- Danann Realty Corp. v. HarrisNew York Court of Appeals · 1959
- Banque Arabe et Internationale D'Investissement v. Maryland National BankCourt of Appeals for the Second Circuit · 1995
- Loughry v. Lincoln First Bank, N. A.New York Court of Appeals · 1986
- Prozeralik v. Capital Cities Communications, Inc.New York Court of Appeals · 1993
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