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Smith v. Merrill Lynch Co.

Appellate Division of the Supreme Court of New York, Second Department
Jan 19, 2010
69 A.D.3d 843 (N.Y. App. Div. 2010)

Opinion

No. 2009-00465.

January 19, 2010.

In an action, inter alia, to recover damages for negligence and conversion, the defendant Merrill Lynch Co., Inc., appeals, as limited by its notice of appeal and brief, from so much of an order of the Supreme Court, Nassau County (Woodard, J.), entered November 26, 2008, as denied that branch of its motion which was for summary judgment dismissing the second cause of action asserted against it.

Stock Carr, Mineola, N.Y. (Thomas J. Stock of counsel), for appellant.

Saltzman Chetkof Rosenberg, LLP, Garden City, N.Y. (William B. Saltzman of counsel), for respondent.

Before: Fisher, J.P., Miller, Eng and Hall, JJ., concur.


Ordered that the order is affirmed insofar as appealed from, with costs to the respondent.

The Supreme Court properly denied that branch of the motion of the defendant Merrill Lynch Co., Inc. (hereinafter Merrill Lynch), which was for summary judgment dismissing the second cause of action asserted against it, which sounds in negligence. Merrill Lynch failed to establish, prima facie, that it did not breach a duty of care to the plaintiff. The record contains evidence that Merrill Lynch was in lawful possession of a settlement check and a request by the plaintiff's attorney to open an account for the benefit of the plaintiff in accordance with an infant compromise order issued by the Supreme Court in an underlying medical malpractice action. There is also evidence that Merrill Lynch misplaced the check, and then failed to inform the plaintiff's guardian, or the plaintiff's attorney, that it did not and/or could not open the account as requested. Based on this evidence, a jury could find that Merrill Lynch failed to exercise ordinary care and diligence in handling the check ( see Epic Sec. Corp. v Banco Popular [NY], NYLJ, Oct. 10, 1997, at 26, col 3 [Civ Ct, NY County]; National Wholesale Liquidators v Barclays Bank of N.Y. [NA], NYLJ, Nov. 2, 1992, at 32, col 4 [Sup Ct Nassau County]; Employers Ins. of Wausau v Chemical Bank, 117 Misc 2d 601, 603; Roscoe v Central Natl. Bank of Canajoharie, 96 Misc 2d 517; Gramore Stores v Bankers Trust Co., 93 Misc 2d 112, 114).

[Prior Case History: 2008 NY Slip Op 33251(U).]


Summaries of

Smith v. Merrill Lynch Co.

Appellate Division of the Supreme Court of New York, Second Department
Jan 19, 2010
69 A.D.3d 843 (N.Y. App. Div. 2010)
Case details for

Smith v. Merrill Lynch Co.

Case Details

Full title:NOEL SMITH, Respondent, v. MERRILL LYNCH Co., INC., Appellant, and…

Court:Appellate Division of the Supreme Court of New York, Second Department

Date published: Jan 19, 2010

Citations

69 A.D.3d 843 (N.Y. App. Div. 2010)
2010 N.Y. Slip Op. 505
892 N.Y.S.2d 765