Legal Opinion
Whitaker v. Merrill Lynch, Pierce Fenner & Smith, Inc.
Supreme Court of The Virgin Islands
Decided April 21, 1997No. Civ. No. 524/1992PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM OPINION
In this action for damages, defendants have moved for summary-judgment on the basis that plaintiff's claims are barred by the general two-year limitations period for tort actions set forth in 5 V.I.C. § 31(5)(A).1 For the reasons stated below, defendants' motion will be granted in part and denied in part.
FACTUAL BACKGROUND
Merrill Lynch, Pierce, Fenner & Smith, Inc. ("MPFS" or "Defendant") is an investment company doing business in the U.S. Virgin Islands. In 1985, Velma Whitaker ("Ms. Whitaker" or "Plaintiff") opened an Individual Retirement Account ("IRA") at MPFS with an…
2Cases cited22 opinions
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- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Karl R. Smith v. Pittsburgh Gage and Supply CompanyCourt of Appeals for the Third Circuit · 1972
- WILCOX v. the Executors of PlummerSupreme Court of the United States · 1830
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3Cited by2 opinions
- Guardian Insurance v. KhalilSuperior Court of The Virgin Islands · 2012
- Baptiste v. Hovensa, LLCSuperior Court of The Virgin Islands · 2005