Thompson ex rel. Thorpe Family Charitable Remainder Unitrust v. Federico

OPINION AND ORDER

MOSMAN, District Judge.

Plaintiff Roy Thompson acts as a trustee for a trust whose investment accounts were formerly managed by defendant Leonel Federico. Plaintiff alleges the trust suffered about $1 million in losses under Federico’s watch. In an attempt to recover those losses, plaintiff brings negligence and fraud claims against Federico and his employer, Citigroup Global Markets, f/k/a Salomon Smith Barney, Inc. (“SSB”). Each side has filed a motion for summary judgment. For the reasons discussed below, the court DENIES plaintiffs motion (doc. # 33), and GRANTS in part…