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· 1/6/1971

Chester Litho, Inc. v. Palisades Interstate Park Commission

Citations

  • 27 N.Y.2d 323
  • 266 N.E.2d 229
  • 317 N.Y.S.2d 761
  • 1971 N.Y. LEXIS 1629

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

  • observing that stockbroker owes client a fiduciary duty to buy and sell securities in accordance with client’s instructions
  • finding customer’s allegation of breach of fiduciary duty against bond broker precluded by agreements between customer and broker in which customer acknowledged his own responsibility for making investment decisions and investigations
  • “Absent agreement to the contrary, not present here, a broker does not owe fiduciary duties to a purchaser of securities.”

Source: CourtListener parenthetical corpus (CC0).

Judges: Burke

Read full opinion on CourtListener

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.