Merrill, Lynch, Pierce, Fenner & Smith, Inc. v. Ronis

SPORKIN, J.,

This matter is before us pursuant to a petition by Merrill Lynch, Pierce, Fenner and Smith, Inc. (plaintiff) to strike a judgment entered following an award by a panel of arbitrators in favor of Dr. Bernard Ronis (defendant), and against plaintiff. The relevant facts are summarized as follows:

On March 1, 1974, plaintiff, a stockbroker and member of the New York Stock Exchange, engaged in the business of buying, selling and dealing in corporate stocks and securities for customers, filed a complaint in assumpsit (February term, 1974, no. 4760) against defendant, alleging: that on or…