Legal Opinion
Clark v. Merrill Lynch, Pierce, Fenner & Smith, Inc.
Court of Appeals for the Fourth Circuit
Decided January 31, 1991No. 90-2039PublishedCited by 14 opinions
1Opinion of the Court
MURNAGHAN, Circuit Judge:
Appellee Donald Clark is a successful businessman who, since 1981, had traded in securities markets through appellant Merrill Lynch, Pierce, Fenner & Smith and its employee-broker, appellant Wendell Hoover. In January of 1985, Clark decided he needed a new investment strategy to meet cash flow requirements and told Hoover that he was thinking of investing in municipal bonds. Hoover and Merrill Lynch options specialist Richard Gordon convinced Clark instead to produce income through a combination of premiums from covered options, dividends, interest, and gains from…
2Cases cited16 opinions
- Moses H. Cone Memorial Hospital v. Mercury Construction Corp.Supreme Court of the United States · 1983
- Mitsubishi Motors Corp. v. Soler Chrysler-Plymouth, Inc.Supreme Court of the United States · 1985
- Browder v. Director, Dept. of Corrections of Ill.Supreme Court of the United States · 1978
- Rodriguez De Quijas v. Shearson/American Express, Inc.Supreme Court of the United States · 1989
- Shearson/American Express Inc. v. McMahonSupreme Court of the United States · 1987
11 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Kelli Lyn Metz, and v. Merrill Lynch, Pierce, Fenner & Smith, Inc., and Cross-AppelleeCourt of Appeals for the Tenth Circuit · 1994
- Chicago Board of Education v. Substance, Inc. And George N. SchmidtCourt of Appeals for the Seventh Circuit · 2003
- Colón v. R.K. Grace & Co.Court of Appeals for the First Circuit · 2003
- Storey v. Shearson Lehman Hutton, Inc.Court of Appeals for the Eighth Circuit · 1991
- Estate of Patterson v. SharekDistrict of Columbia Court of Appeals · 2007
9 more not listed; retrieve them via the Exa API.