Lyon v. Sheen

LETTS, Judge.

This case involves a suit against Merrill, Lynch, Pierce, Fenner & Smith and its employee stockbroker for alleged improprieties in the handling of a customer’s account. Merrill, Lynch settled the matter with the plaintiff and a general release'was obtained. The court held that the general release also released the individual employee stockbroker and granted a summary judgment in his favor. We disagree and reverse.

The important operative fact here is that at the time the general release was given, the stockbroker no longer worked for Merrill, Lynch and the release only named…