Fed. Sec. L. Rep. P 99,517 Charles A. Tiernan v. Blyth, Eastman, Dillon & Co.
Court of Appeals for the First Circuit
1Opinion of the Court
FAIRCHILD, Senior Circuit Judge.
Plaintiff Tiernan brought this civil suit to recover losses sustained in his securities account with defendant Blyth Eastman Dillon & Co., Incorporated (“Blyth”). 1 Tier-nan’s complaint charged that Blyth, thiough its broker, was guilty of misrepresentation, deception and fraud in the conduct of his account in violation of Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) (1976), and Securities and Exchange Commission Rule 10b-5, 17 C.F.R. § 240.10b-5 (1983). Tiernan specifically alleged that Blyth “churned” his account. See 17 C.F.R. §…
2Cases cited10 opinions
- Foman v. DavisSupreme Court of the United States · 1962
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- Joseph J. Hayes v. New England Millwork Distributors, Inc.Court of Appeals for the First Circuit · 1979
- Harold E. Harrington v. United StatesCourt of Appeals for the First Circuit · 1974
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