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

This is an appeal by the plaintiff below from a summary judgment entered in favor of the defendant.

On January 10, 1966, the appellant purchased 300 shares of stock of Anken Chemical and Film Corporation through the appellee stock brokers, Merrill Lynch, Pierce, Fenner & Smith, Inc.

By a letter dated May 17, 1966, from Emanuel, Deetjen & Co., the brokers for the original seller, which made reference to purchase by Merrill Lynch on the New York Stock Exchange of 2,100 shares of the stock (1,000 on January 10; 100 on January 11, and 1,000 on January 12, 1966), Merrill Lynch was informed that the…