(Download) "Merrill Lynch v. ira B. Perelle" by 1983 Superior Court of Pennsylvania Nos. 00706 Philadelphia * Book PDF Kindle ePub Free
eBook details
- Title: Merrill Lynch v. ira B. Perelle
- Author : 1983 Superior Court of Pennsylvania Nos. 00706 Philadelphia
- Release Date : January 13, 1986
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 71 KB
Description
Merrill Lynch, Pierce, Fenner & Smith, Inc. (hereinafter Merrill Lynch, appellant), a brokerage firm with offices in Philadelphia, instituted suit against appellee, Dr. Ira Perelle (hereinafter appellee), seeking sums allegedly due and owing to Merrill Lynch following liquidation of a margin account1 maintained by appellee. Appellee counterclaimed for damages resulting from, inter alia, an alleged breach of the fiduciary duty owed by Merrill Lynch to appellee. Trial was held before the distinguished Judge Lois Forer sitting without a jury. The court awarded Merrill Lynch the sum of $20,191.77, representing the deficit which resulted when appellee's margin account was liquidated, plus interest, and awarded the sum of $13,715.50 to appellee on his counterclaim for breach of fiduciary duty. These awards resulted in the entry of a final judgment in the amount of $6,479.27 in favor of Merrill Lynch from which both parties have appealed.
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