Legal Opinion
Carl M. Limbaugh v. Merrill Lynch, Pierce, Fenner & Smith, Inc., a Corporation
Court of Appeals for the Eleventh Circuit
Decided May 21, 1984No. 82-7347PublishedCited by 54 opinions
1Opinion of the Court
RONEY, Circuit Judge:
When Carl M. Limbaugh failed to deliver 182 shares of stock to cover a sale made for him by stockbrokers Merrill Lynch, Pierce, Fenner & Smith, Inc. (Merrill Lynch), Merrill Lynch liquidated a portion of his Ready Assets Trust account to buy shares for delivery to the purchaser. Limbaugh then sued Merrill Lynch for conversion, seeking actual and punitive damages. The district court granted summary judgment for Merrill Lynch on the ground that there was no conversion under Alabama law. Although we agree that Limbaugh owed the 182 shares of stock to Merrill Lynch, we hold…
2Cases cited14 opinions
- Robinson v. Merrill Lynch, Pierce, Fenner & Smith, Inc.District Court, N.D. Alabama · 1971
- Hunnicutt v. HigginbothamSupreme Court of Alabama · 1903
- O'Neal v. O'NealSupreme Court of Alabama · 1969
- Erswell v. FordSupreme Court of Alabama · 1922
- Empiregas, Inc., of Gadsden v. GearySupreme Court of Alabama · 1983
9 more not listed; retrieve them via the Exa API.
3Cited by54 opinions
- Edwards v. Prime, Inc.Court of Appeals for the Eleventh Circuit · 2010
- Shearson Lehman Hutton, Inc. v. Walter Wagoner, Jr., TrusteeCourt of Appeals for the Second Circuit · 1991
- SFM Holdings Ltd. v. Banc of America Securities, LLCCourt of Appeals for the Eleventh Circuit · 2010
- Waddell & Reed, Inc. v. UNITED INVEST. LIFE INS. CO.Supreme Court of Alabama · 2003
- Allied Investment Corp. v. JasenCourt of Appeals of Maryland · 1999
49 more not listed; retrieve them via the Exa API.