Legal Opinion
First of Michigan Corp. v. Trudeau
Michigan Court of Appeals
Decided December 21, 1999No. Docket 210296PublishedCited by 2 opinions
1Opinion of the CourtSaad, J.
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NATURE OF THE CASE
The arbitration codes for each of the securities self regulatory organizations, including the New York Stock Exchange (nyse), provide that the investor is contractually obliged to bring an arbitral claim against his broker within six years of the alleged wrongful conduct (“event giving rise to the claim”). Our Court has held that an identically worded six-year rule is not a statute of limitation, but rather an eligibility rule that will not be subject to equitable tolling principles. Chubb Securities Corp v Manning, 224 Mich App 702, 708-709; 569 NW2d 886 (1997).…
2Cases cited6 opinions
- Merrill Lynch, Pierce, Fenner & Smith, Inc. v. CohenCourt of Appeals for the Eleventh Circuit · 1995
- Dean Witter Reynolds, Inc. v. McCoyDistrict Court, E.D. Tennessee · 1994
- Kenneth Osler v. Pamela WareCourt of Appeals for the Sixth Circuit · 1997
- Chambers v. Midland Country ClubMichigan Court of Appeals · 1996
- Chubb Securities Corp. v. ManningMichigan Court of Appeals · 1997
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3Cited by2 opinions
- Gregory J. Schwartz & Co., Inc. v. FaganMichigan Court of Appeals · 2003
- Michigan Ambulatory Surgical Center v. Farm Bureau InsuranceMichigan Court of Appeals · 2020