Nudo v. McNeil

OPINION

MARSH, District Judge.

This is a securities action brought by an investor against Black & Company, Inc. and one of its stockbrokers. Plaintiff contends that defendants gave improper investment advice amounting to federal securities fraud. Plaintiff also sets forth several state pendent claims.

Defendants move for summary judgment on the basis that the action is barred by the applicable statute of limitations. For the reasons set forth below, defendants’ motion is denied.

FACTS

Plaintiff first began investing with defendant Black & Co. in August of 1980 by opening a joint account with his…