Stifel Nicolaus & Company Inc. Securities Litigation
On or around 01/25/2011 (Other)
Filing Date: February 18, 2010
According to the press release dated March 23, 2010, the suit alleges Stifel Nicolaus & Company Inc. hired Neil R. Harrison after he had been terminated by former St. Louis-based A.G. Edwards in 2006 for cause for “failing to follow firm policies.” The suit further alleges Stifel Nicolaus & Company Inc., as well their Edwardsville Illinois branch manager, knew from inception of hiring Mr. Harrison that Mr. Harrison engaged in unauthorized trading, excessive trading, “churning,” and engaged in material misrepresentations and omissions in connection with the purchase and sale of an estimated $50 million to $100 million securities transactions from September 2006 until October 2008. The suit also alleges Stifel Nicolaus & Company Inc. had ongoing knowledge of Harrison’s activities through daily, weekly and monthly exception reports generated by Stifel Nicolaus & Company Inc.
Company & Securities Information
Defendant: Stifel Nicolaus & Company Inc.
Industry: Investment Services
Headquarters: United States
Ticker Symbol: SF
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Robert L McCrary, et al. v. Stifel Nicolaus & Company Inc., et al.
COURT: E.D. Missouri
DOCKET #: 10-CV-00295
JUDGE: Hon. Carol E. Jackson
DATE FILED: 02/18/2010
CLASS PERIOD START: 10/30/2006
CLASS PERIOD END: 10/30/2009
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Goldblatt Law Firm
First Identified Complaint (FIC) Filings:
First Amended Petition For ) For Damages For Negligent Entrijstment, Negligent Supervision, Negligence, Breach Of Fiduciary Duty, And Sectj1ut[Es Fraud Under 409-411)5,509 Rsmo And Class Action For Securities Fraud Pursuant To Missouri Supreme Court Rule 52.08
First Amended Complaint Statement Of Claims For Damages For Damages For Intentional Misrepresentation, Securities Exchange Act 15 U.S.C. Sec.78j (b) Rule 10b-5 (Churning), Unsuitability, Negligent Supervison, Negligence, Breach Of Fiduciary Duty, Negligent Entrustmentand Retention, And Control Person Liability 1934 Securities Exchange Act 15 U.S.C. Sec. 78t
First Amended Complaint And Statement Of Claims For Damages Securities Exchange ACT 15 U.S.C. Sec.78 (b) Rule 10b-5 Churning; Unauthorized Trading; Material Misrepresentations And Omissions; And Control Person Liability 1934 Securities Exchange Act 15 U.S.C. SEC. 78t
U.S. District Court Civil Docket
Memorandum And Order
Jury Trial Demanded
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available