Van Syckle v. C.L. King & Associates, Inc.
District Court, N.D. New York
1Opinion of the Court
SCULLIN, District Judge:
MEMORANDUM-DECISION AND ORDER
I. Background
On July 22, 1985, plaintiffs Jean and John Van Syckle invested $732,312.32 in 'an investment account with defendant C.L. King & Associates, Inc. (“CLKA”). This account was managed by F. Torrance McKenna (“McKenna”) until he left the company in the spring of 1987, at which time management of the account was transferred to defendant Candace King Weir (“Weir”), President and founder of CLKA.
Plaintiffs’ allege that their investment objectives as to this account were: security of principal, low risk investment, and having no more…
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