Legal Opinion
Hays v. Ellrich
Massachusetts Supreme Judicial Court
Decided June 10, 2015No. SJC 11743PublishedCited by 18 opinions
1Opinion of the Court
Gants, CJ.
In January, 2001, in reliance on the advice of her investment advisor, the plaintiff, Molly A. Hays, invested approximately three-quarters of her retirement savings in a “hedge fund” that became insolvent in 2003, resulting in the loss of her entire investment. In 2006, Hays filed suit in the Superior Court, alleging that her investment advisor, Morgan Financial Advisors, Inc. (MFA), and David J. Ellrich, the sole owner and officer of MFA, had, among other claims, violated the Massachusetts Uniform Securities Act (act), G. L. c. 110A, § 410 (a) (2), committed fraud, and committed a…
2Cases cited26 opinions
- Pinter v. DahlSupreme Court of the United States · 1988
- Blue Sky L. Rep. P 72,496, Fed. Sec. L. Rep. P 93,186 Thorburn Kennedy, Trustee v. Josephthal & Company, Inc., Edward M. Swartz and Fredric SwartzCourt of Appeals for the First Circuit · 1987
- Demoulas v. Demoulas Super Markets, Inc.Massachusetts Supreme Judicial Court · 1997
- Fed. Sec. L. Rep. P 96,366 Benjamin A. Cook v. Avien, Inc., James F. Pritchard, Benjamin A. Cook v. Avien, Inc.Court of Appeals for the First Circuit · 1978
- Marram v. Kobrick Offshore Fund, Ltd.Massachusetts Supreme Judicial Court · 2004
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3Cited by18 opinions
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- Niedner v. Ortho-McNeil Pharmaceutical, Inc.Massachusetts Appeals Court · 2016
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- The Commercial Bank v. Smith Shellnut Wilson LLCCourt of Appeals of Mississippi · 2018
- STATE ex rel. OKLAHOMA BAR ASSOCIATION v. BAILEYSupreme Court of Oklahoma · 2023
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