United States Second Circuit

Ma v. Merrill Lynch, Pierce, Fenner & Smith, Inc., 08-4828

Read Ma v. Merrill Lynch, Pierce, Fenner & Smith, Inc., 08-4828
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In an action against Merrill Lynch based on unauthorized transfers from plaintiff's investment account, summary judgment for defendant is affirmed where New York U.C.C. Section 4-A-505, which imposes a one-year statute of repose on certain claims based on electronic funds transfers, bars plaintiffs' common law claims, which had longer limitations periods.

Appellate Information

Decided 03/02/2010
Published 03/02/2010

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