Legal Opinion
Lacovara v. Merrill Lynch, Pierce, Fenner & Smith, Inc.
District Court, E.D. Pennsylvania
Decided September 24, 1984No. Civ. A. No. 81-4628PublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM
RAYMOND J. BRODERICK, District Judge.
Plaintiff Nicholas Lacovara brought this action against Merrill Lynch, Pierce, Fenner & Smith, Inc., alleging that he had suffered damages in excess of $83,000 in commodity futures trading due to Merrill Lynch’s handling of his account with them. Lacovara contended that Merrill Lynch had breached its fiduciary duty to him and had been negligent in the management of Lacovara’s account. Merrill Lynch filed a counterclaim in which it sought recovery of $4,494 allegedly owed by Lacovara to Merrill Lynch to cover a final deficit balance in Lacovara’s…
2Cases cited8 opinions
- Farmer v. Arabian American Oil Co.Supreme Court of the United States · 1964
- Scientific Holding Company, Ltd. v. Plessey IncorporatedCourt of Appeals for the Second Circuit · 1974
- Theodore Brenner, D/B/A Teddy Brenner Enterprises v. World Boxing Council and Jose Sulaiman ChagnonCourt of Appeals for the Second Circuit · 1982
- Srybnik v. EpsteinCourt of Appeals for the Second Circuit · 1956
- Copperweld Steel Company, in No. 79-1799 v. Demag-Mannesmann-Bohler, Demag Stranggiess-Technik Gmbh, Demag Aktiengesellschaft, in No. 79-1800Court of Appeals for the Third Circuit · 1980
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3Cited by3 opinions
- Seber v. Daniels Transfer Co.District Court, W.D. Pennsylvania · 1985
- City of Rome v. GlantonDistrict Court, E.D. Pennsylvania · 1999
- Tao of Systems Integration, Inc. v. Analytical Services & Materials, Inc.District Court, E.D. Virginia · 2006