Bagby v. Merrill Lynch, Pierce, Fenner & Smith, Inc.

MEMORANDUM AND ORDER

ROGERS, District Judge.

This is a diversity action. Plaintiffs contend that they sustained certain losses due to the acts or omissions of the brokerage firm Merrill Lynch, Pierce, Fenner & Smith, Inc. This matter is presently before the court upon defendant’s motion for summary judgment. The defendant contends that plaintiffs’ claims are barred by the applicable statutes of limitations. Having heard oral argument on the defendant’s motion, the court is now prepared to rule.

I

A court grants a motion for summary judgment under Rule 56 of the Federal Rules of Civil Procedure if…