Legal Opinion
Raiford v. Merrill Lynch, Pierce, Fenner & Smith, Inc.
Court of Appeals for the Eleventh Circuit
Decided June 22, 1990No. 89-8051PublishedCited by 30 opinions
1Opinion of the Court
TJOFLAT, Chief Judge:
On April 8, 1983, appellants, Morgan and Bernice Raiford (the Raifords), filed separate but identical complaints in federal district court alleging that appellees Merrill Lynch, Pierce, Fenner & Smith, Inc. and Thomas Morris (Merrill Lynch)1 had defrauded the Raifords in violation of section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) (1988), Rule 10b-5, 17 C.F.R. § 240.10b-5 (1988), and Georgia laws. According to the Raifords, Merrill Lynch had improperly managed their individual accounts by engaging in transactions that “were excessive in number and…
2Cases cited8 opinions
- Wilko v. SwanSupreme Court of the United States · 1953
- Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Jack BobkerCourt of Appeals for the Second Circuit · 1986
- O.R. Securities, Inc. v. Professional Planning Associates, Inc.Court of Appeals for the Eleventh Circuit · 1988
- Fed. Sec. L. Rep. P 93,679 in the Matter of the Arbitration Between Herbert Sobel, and Hertz, Warner & Co.Court of Appeals for the Second Circuit · 1972
- In the Matter of the Arbitration Between Edward M. Siegel v. The Titan Industrial Corporation and Jerome A. SiegelCourt of Appeals for the Second Circuit · 1986
3 more not listed; retrieve them via the Exa API.
3Cited by30 opinions
- Advest, Inc. v. Patrick McCarthyCourt of Appeals for the First Circuit · 1990
- Ahmad Baravati v. Josephthal, Lyon & Ross, Incorporated, and Peter SheibCourt of Appeals for the Seventh Circuit · 1994
- Babcock & Wilcox Co. v. PMAC, LTD.Court of Appeals of Texas · 1993
- Industrial Risk Insurers v. M.A.N. Gutehoffnungshutte GmbHCourt of Appeals for the Eleventh Circuit · 1998
- Robbins v. DayCourt of Appeals for the Eleventh Circuit · 1992
25 more not listed; retrieve them via the Exa API.