Legal Opinion
Commonwealth Associates v. Letsos
District Court, S.D. New York
Decided March 12, 1999No. 98 Civ. 4753 LAKPublishedCited by 10 opinions
1Opinion of the Court
MEMORANDUM OPINION
KAPLAN, District Judge.
Respondent James M. Letsos, III, was a retail stock brokerage customer of an account executive named Guy Clemente, who was employed by petitioner Commonwealth Associates (“Commonwealth”). In November 1996, he commenced an NASD arbitration against Clemente and Commonwealth, claiming that he sustained over $100,000 in damages as a result of Clemente’s unauthorized purchases in Let-sos’ account and his failure to execute Let-sos’ sell orders and that his losses were the product also of Commonwealth’s failure to supervise Clemente. He sought both actual…
2Cases cited17 opinions
- Mastrobuono v. Shearson Lehman Hutton, Inc.Supreme Court of the United States · 1995
- DiRussa v. Dean Witter Reynolds Inc.Court of Appeals for the Second Circuit · 1997
- Willemijn Houdstermaatschappij, Bv v. Standard Microsystems CorporationCourt of Appeals for the Second Circuit · 1997
- Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Jack BobkerCourt of Appeals for the Second Circuit · 1986
- Ethyl Corporation v. United Steelworkers of America, Afl-Cio-Clc and Local No. 7441, United Steelworkers of America, Afl-Cio-ClcCourt of Appeals for the Seventh Circuit · 1985
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3Cited by10 opinions
- Arbitration Between Westchester Fire Insurance v. Massamont Insurance Agency, Inc.District Court, S.D. New York · 2005
- Sawtelle v. Waddell & Reed, Inc.Appellate Division of the Supreme Court of the State of New York · 2003
- Finger Lakes Bottling Co., Inc. v. Coors Brewing Co.District Court, S.D. New York · 2010
- Irving R. Boody & Co. v. Win Holdings International, Inc.District Court, S.D. New York · 2002
- Lew Lieberbaum & Co., Inc. v. RandleDistrict Court, E.D. New York · 2000
5 more not listed; retrieve them via the Exa API.