Cahaly v. Benistar Property Exchange Trust Co.

After a lengthy trial in the late fall of 2002, the jury found for the plaintiffs on all their claims against the defendant Merrill Lynch, Pierce, Fenner & Smith, Inc. (Merrill Lynch). These claims included aiding and abetting breach of fiduciary duty, aiding and abetting conversion, and violation of both the New York and Connecticut consumer protection statutes. The jury also found for the plaintiffs on their claims against all the other parties who were defendants in the claims tried to the jury; these included Benistar Property Exchange Trust Company, Inc. (Benistar Property) Daniel…