Legal Opinion
Kane v. Shearson Lehman Hutton, Inc.
Court of Appeals for the Eleventh Circuit
Decided November 6, 1990No. 89-5801PublishedCited by 6 opinions
1Opinion of the Court
MORGAN, Senior Circuit Judge:
FACTS
Plaintiffs/appellees (hereinafter referred to collectively as “Kane”) opened an account with Shearson Loeb Rhodes (hereinafter referred to as “Shearson”), defendant/appellant, in 1979. Defendant/appellant Rheta Raven became Kane’s broker in September 1980. Before that time, Raven had worked as a secretary at Shearson, and Kane knew he was Raven’s first client at Shearson.
Raven had received no formal training to become a broker and had never done any research on the oil and gas industry. Shearson gave Raven no training after she became a broker and provided no…
2Cases cited5 opinions
- Randall v. LoftsgaardenSupreme Court of the United States · 1986
- EF Hutton & Co., Inc. v. RousseffSupreme Court of Florida · 1989
- Himes v. Brown & Co. Securities Corp.District Court of Appeal of Florida · 1987
- Merchant v. Oppenheimer & Co., Inc.District Court, E.D. Virginia · 1983
- Dixon v. Oppenheimer & Co.Court of Appeals for the Fourth Circuit · 1984
3Cited by6 opinions
- Humphreys v. Niagara Fire InsuranceSuperior Court of Pennsylvania · 1991
- Waters v. International Precious Metals Corp.District Court, S.D. Florida · 1996
- Stevenson v. J.C. Bradford & Co. (In Re Cannon)United States Bankruptcy Court, W.D. Tennessee · 1999
- Resolution Trust Corp. v. Stroock & Stroock & LavanDistrict Court, S.D. Florida · 1994
- Kane v. Shearson Lehman Hutton, Inc.Court of Appeals for the Eleventh Circuit · 1990
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