Translate
Text Highlighter

Bookmark

PDF

Share

Report a problem
AMICUS AI
Citation Codes
Equivalent Citations
citation codes
Docket Number
Attorney(S)
Judges
Are you a practicing lawyer?
Enhance your digital presence and reach by creating a Casemine profile.
Upload pleading to use the new AI search
Cites
Cited by
Citation Codes
Equivalent Citations
citation codes
Docket Number
Attorney(S)
Judges

ARCHIBALD LYON AND ROSE LYON, APPELLANTS, v. BRIAN J. SHEEN, APPELLEE. NICHOLAS TATUSKO AND ANNA TATUSKO, APPELLANTS,

LETTS, Judge.

This case involves a suit against Merrill, Lynch, Pierce, Fenner Smith and its employee stockbroker for alleged improprieties in the handling of a customer's account. Merrill, Lynch settled the matter with the plaintiff and a general release was obtained. The court held that the general release also released the individual employee stockbroker and granted a summary judgment in his favor. We disagree and reverse.

The important operative fact here is that at the time the general release was given, the stockbroker no longer worked for Merrill, Lynch and the release only named Merrill, Lynch, together with its agents, employees, successors and assigns. Nonetheless, the stockbroker claims that the general release did cover him because he was in the employ of Merrill, Lynch at the time the cause of action arose and because of the circumstances out of which it arose.

We are sympathetic to this argument but find from a reading of the general release that the individual stockbroker was not, in fact, included within its language. As a consequence, we find that the granting of the summary judgment in his favor was erroneous and, accordingly, we reverse and remand for further proceedings.

REVERSE AND REMANDED.

GLICKSTEIN and BARKETT, JJ., concur.

Use AI to get other relevant cases.

Comments

LYON v. SHEEN
(May 10, 1985)