Pusateri v EF Hutton Case Brief.docx

Pusateri v EF Hutton Case Brief.docx - Michael Abrams BLW...

This preview shows 1 out of 2 pages.

Michael Abrams BLW 381 January 26, 2018 Pusateri v E . F . Hutton & Co . Case Brief Summary of Facts A retired couple, the Pusateris, placed $196,000 with their brokerage firm, E . F . Hutton & Company, Inc . They desired a monthly income between $2,000 - $2,500 and a conservative investment approach, but their broker began purchasing volatile stock and engaged in “churning” activities by telling the couple that the approval form was a routine item . The broker left the firm a year after the initial investment, and the couple’s investment had shrunk by more than half . The Pusateris sued the broker and the firm, and they were awarded compensatory damages against both defendants, but the brokerage firm appealed the decision . The Court of Appeal decided to affirm because there was substantial evidence that the defendant authorized or ratified the acts of its employee . Summary of Issue The Court of Appeals presents the single issue of whether there is sufficient evidence for
Image of page 1

Subscribe to view the full document.

Image of page 2
You've reached the end of this preview.
  • Spring '14
  • EdwardMervine
  • Court of Appeal, Stock broker, E.F. Hutton, brokerage firm, David Nee

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern