The URL can be used to link to this page

Home My WebLink About00-04963 -' <"_ -' ~c_, '",_ ".,<~ ""'~ ~'",",~,'"""," ''0, ' '_'~~'c':L_ ".-.-"- '",-"0 '.0<'-"', ~,_"",-,~;,-""" -w. '-'---'.'d"'e',,'-'.<,' .' ".cC.", ,',' I I I ! , Stephen E. Geduldig, Esquire I\.ttomey J.D. No. 43530 lHOMAS, THOMAS & HAFER, LLP 305 North Front Street l)ost Office Box 999 Harrisburg, Pennsylvania 17108 (717)237-7100 ..-Mail: Seg@tthlaw.com Attorneys for Plaintiff': ROBERT RILEY ! ! !: I ! t-" ROBERT RILEY, 1722 Fort Patton Drive Harrisburg, PA 17112 Plaintiff IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ;.C' l' ,.; I':' f:' v. CIVIL ACTION -- LAW No. 00 - .J.t9t.J C?lull<-Y-~ i' I I': c: SHERWOOD N. BOYER PRUDENTIAL SECURITIES, INC. Three Lemoyne Drive Lemoyner PA 17043 and PRUDENTIAL SECURITIES, INC. c/o Christopher S. Maillie Branch Manager Three Lemoyne Drive Lemoyne, PA 17043 Defendants ~i ~' , JURY TRIAL DEMANDED NOTICE YOU HAVE BEEN SUED IN COURT. If you wish to defend against the claims set forth in the following pages, you must take action within twenty (20) days after this Notice and Complaint are served, by entering a written appearance personally or by attorney and filing in writing with this Court your defenses or objections to the claim~ set forth against you. You are warned that if you fail to do so, the case may proceed without you and a judgment may be entered against you by the Court without further notice for any money claimed in the Complaint or for any other claim or relief requested by the Plaintiffs. You may lose money or property or other rights important to you. o ~.~ ." '" ~~---- --<---,-,~,-"~",.,,.~ __m~'.'._. , I I' i i i I I ~ YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR TELEPHONE OFFICE SET FORTH BELOW TO FIND OUT WHERE YOU CAN GET HELP. YOU THE Court Administrator Cumberland County Courthouse 1 Courthouse Square Carlisler PA 17013 (717) 240-6200 i";' {; :,-, ::_; I':) I"; !:;j :I~:l NOTICIA LE HAN DEMANDO A USTED EN LA CORTE. Si usted quiere defenderse de estas demandas expuestas en las paginas siguientes, usted tien viente (20) dias de plaza al partir de la fecha de la demanda y la notificacion. Usted debe presentar una apariencia excri ta 0 en persona 0 por abogado y archi var en la corte en forma escri ta sus defensas 0 sus obj eciones alas demandas en contra de tomara medidas y puede entrar una orden contra usted sin previa aviso 0 notificacion y por cua1quier quej a 0 ali vio que es pedido en 1a peticion de demanda. Usted puede perder dinero 0 sus propiedades 0 otros derechos impotantes para usted. ",I I;'] ::-1 i~:,l i~"i ii'] ~:j ;l Court Administrator Cumberland County Courthouse 1 Courthouse Square Carlisle, PA 17013 (717) 240-6200 !':~ ['1 "1 II II "I ~1 il ii H !:1 !;1 ~l \oj " LLEVE ESTA DEMANDA A UN ABOGADO 1MMED1ATEMENTE. S1 NO T1ENE ABOGADO 0 S1 NO T1ENE EL D1NERO SUF1C1ENTE DE PAGAR TAL SERV1C10, VAYA EN PERSONA 0 LLAME POR TELEFONE A LA OF1C1NA CUYA D1RECC10N SE ENCUENTRA ESCR1TA ABAJO PARA AVER1GUAR DONDE SE PUEDE CONSEGU1R AS1STENC1A LEGAL. ", i'j Ii i;j d :1 1 I 'I 1 " II ,I 1 j i - - ~~ ~ ~o_ ~. ~__ <_~.'" _ "'me, "'="'0 H'_ ""'"~~-'"- .~_, ~, %_, ,~ -"--.~ ',,,",- -" ""',-,-~.._- , ,J "';'1 I] II " , 'I 'I :1 1 'j Stephen E. Geduldig, Esquire Altomey I.D. No. 43530 TIlOMAS, THOMAS & HAFER, LLP 305 North Front Street Post Office Box 999 Harrisburg, Pennsylvania 17108 (717) 237-7100 E-Mail: seg@tthlaw.com Attorneys for Plaintiff: ROBERT RILEY ROBERT RILEY, Plaintiff IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA v. CIVIL ACTION -- LAW No. (,l(}. Cf9C.3 C4Jd T:u- SHERWOOD N. BOYER and PRUDENTIAL SECURITIES, INC., Defendants JURY TRIAL DEMANDED COMPLAINT AND, NOW, comes Plaintiff, Robert Riley ("Plaintiff") by and through his attorneys, Thomas, Thomas & Hafer, LLP and Stephen E. Geduldigr Esqiure, and files the within Complaint and alleges as follows: 1. Plaintiff, Robert Riley, is an adult individual currently residing at 1722 Fort Patton Drive, Harrisburg, Pennsylvania 17112. 2. Defendant, Prudential Securities, Inc. ("Prudential"), is a corporation with a place of business at 3 Lemoyne Drive, Lemoyne, Pennsylvania 17043. .~~. " ,- ~ < --'^ ,,"- _. _,.. "~.~, ~ -. '.~'"' ~ ".~,c. _'-" ~"",,',_ ,~",_"<."~~._._ 0,- ._' ,~ -, """'~''''_''",.'',"' '-"a'.. .<;'-"'~""~'~ .",.. "",,".' .,_"". '~,_ ~_ .~'__~,,,-,o.~_ 0--, - "'_;';",~, . 3. Defendant, Sherwood Boyer ("Defendant Boyer"), is an adult individual with an employment address of 3 Lemoyne Drive, Lemoyne, Pennsylvania 17043. 4. At all times relevant to the within action, Defendant Boyer was a servant, employee, agent or ostensible agent of Prudential. 5. At all times relevant to the within actionr Defendant Boyer was a stock broker for Plaintiff and was in a fiduciary or other relationship of trust with Plaintiff. 6. On or about April 28, 1999, Plaintiff, through Defendant Boyer purchased 10rOOO shares of Biocontrol Technology, Inc. ("BICO") stock for about 8 cents per share. 7. When the BICO stock reached 18 cents per share, Plaintiff, through Defendant Boyer, sold 5rOOO of his shares of BICO stock. 8. Plaintiff, through Defendant Boyer, then re-purchased 5,000 shares of BICO stock. 9. Thereafter, Plaintiff authorized Defendant Boyer to sell Plaintiff's shares of two stocksr other than BICO. 10. Plaintiff then discovered that on or about December 28, 1999, Defendant Boyer had wrongfully sold Plaintiff's BICO stock. 2 .- -"- -, -- C__ k" ~,. ..0,"-' ~"",,C ,a.=-"~,-"",.._,,.r.=" :,.-_,: _'C"" P.'- "."', ,- ,~-", 'd~'" ph"-'- "An -"""~""-'-;";--"-~"'<ff Gii';i_;",,-;_c',,__, '.;1! 11. At the time of Defendant Boyer's wrongful sale of Plaintiff's BICO stock, the stock was worth about 4.4 cents per share. 12. Plaintiff had intended to keep the BICO stock until it reached $1.00 per share. 13. When Plaintiff discovered Defendant Boyer's wrongful sale of the BICO stock, he confronted Defendant Boyer. 14. Defendant Boyer admitted that he was wrong in selling the BICO stock. 15. Defendant Boyer agreed to re-purchase the stock in Plaintiff's name. 16. Thereafter, BICO stock reached $1.00 per share. 17. Plaintiff discovered that Defendant Boyer had not re- purchased the stock as he had promised. 18. As the result of Defendant Boyer's wrongful sale and failure to re-purchase Plaintiff's BICO stock, Plaintiff sustained damages. WHEREFORE, Plaintiffr Robert Riley, respectfully requests This Honorable Court to enter judgment against Defendants, Sherwood N. Boyer and Prudential Securities, Inc., for compensatory and punitive damages, plus interest and costs in an amount not in excess of the mandatory arbitration limits of Cumberland County. 3 , " _C ,~"~ " "-^",'-~- -" .,'.',' "'''-' $"'" .." ", "',,,".-"',",~,,. '~''-,,''--'' - ",-t"..,., -; - ,~>,_c ,. .'- '-,."".-_,,'_..<. -_-". j:";:j',--,.-;:J'lc' :;;,::;t;.:;'';;--'<'''{ '_" .:'j,:J.<',_";,~.-.-' ';;";""~': , :1 COUNT I Robert Riley v. Sherwood Boyer NEGLIGENCE 19. The averments of paragraphs 1-18 are incorporated herein and made a part hereof as if set forth in full. 20. The negligence of Defendant Boyer consisted of acts and/or omissions including, but not limited to, the following: a. Selling the 10,000 shares of BICO stock without the authorization of Plaintiff; and b. Failing to re-purchase the BICO stock once Plaintiff notified Defendant Boyer of his error. 21. As a direct result of the negligence, recklessness and willful misconduct of Defendant Boyer, Plaintiff has suffered damages. WHEREFORE, Plaintiff, Robert Riley, respectfully requests This Honorable Court to enter judgment against Defendant, Sherwood N. Boyer, for compensatory and punitive damagesr plus interest and costs in an amount not in excess of the mandatory arbitration limits of Cumberland County. 4 . -~ - ,,-, . '" - -,".< - -~~. .:.z^--'"~"'_'_'>", ~,- "r _ "";(:;,_; '..;.<.,.:.',',' ~-f '-. ,'c,__' __",'," "F"''''-_''_h,'_~_ -;"C', '. 'o,~ .1'1 i I I I I I I ! COUNT II Robert Riley v. Sherwood BREACH OF CONTRACT Boyer 22. The averments of paragraphs 1-21 are incorporated herein and made a part hereof as if set forth in full. 23. Plaintiff's authorization and Defendant Boyer's agreement to sell Plaintiff's shares of two other stocks constituted an oral contract. 24. Defendant Boyer breached the contract by selling, in addition to the two authorized stock transactions, the BICO stock. 25. As a direct result of the breach of the agreement by Defendant Boyer, Plaintiff has suffered damages. WHEREFORE, Plaintiff, Robert Riley, respectfully requests This Honorable Court to enter judgment against Defendant, Sherwood N. Boyer, for compensatory and punitive damagesr plus interest and costs in an amount not in excess of the mandatory arbitration limits of Cumberland County. COUNT III Robert Riley v. Sherwood Boyer BREACH OF FIDUCIARY DUTY 26. The averments of paragraphs 1-25 are incorporated herein and made a part hereof as if set forth in full. 5 , , v___, ,~ _ ,__,.' S'~'~' "',. ~..- -~~"'_ ""0~-.'~"._,,_, "d "H' ".'. " ._~. ., ,-.' -""'''''''0.; ,0 >_,~, ,~",i"'",.-:~~,j-'';'D'''''''..-' __ ,. --<",'''.'- ,;;-' C_--O-'... __~,_, "--'-'-'.',:;,,>.";2.,,- .;-'f~i I I I I I 27 . Plaintiff and Defendant Boyer had a fiduciary relationship. 28. As a result of this fiduciary relationship, Defendant Boyer had a duty be loyal to Plaintiffrs interests and a duty to use reasonable care in pursuing those interests. 29. Defendant Boyer breached his fiduciary duty to Plaintiff by his acts and/or omissions including, but not limited to, the following: a. Selling Plaintiff's BICO stock without authorization; and b. Failing to re-purchase the BICO stock as requested by Plaintiff. 30. As a direct result of the breach of the fiduciary duty by Defendant Boyer, Plaintiff has suffered damages. WHEREFORE, Plaintiff, Robert RileYr respectfully requests This Honorable Court to enter judgment against Defendant, Sherwood N. Boyer, for compensatory and punitive damages, plus interest and costs in an amount not in excess of the mandatory arbitration limits of Cumberland County. COUNT IV Robert Ri1ey v. Sherwood Boyer NEGLIGENT MISREPRESENTATION 31. The averments of paragraphs 1-30 are incorporated herein and made a part hereof as if set forth in full. 6 " ~, '..~ -, "-~,,<,"-~ ,.." ~"c<.-,"'~"~~_~ 0'''' ~< ""~~. C" ""_";~\>;""","~'",:"",, /~,,', '-;.,'" "",;:; '_;'..-c_ '.5J' .'" _",-,.',: '" ,;' 32. Defendant Boyer negligently made misrepresentations to Plaintiff by representing that he would re-purchase the BICO stock after his wrongful sale of the BICO stock had been discovered. 33. Plaintiff relied on the negligent misrepresentation of Defendant Boyer to his detriment. 34. As a direct result of the negligent misrepresentation made by Defendant Boyer to Plaintiffr Plaintiff has suffered damages. WHEREFORE, Plaintiff, Robert Riley, respectfully requests This Honorable Court to enter judgment against Defendant, Sherwood N. Boyer, for compensatory and punitive damages, plus interest and costs in an amount not in excess of the mandatory arbitration limits of Cumberland County. COUNT V Robert Ri1ey v. Prudentia1 Securities, Inc. RESPONDEAT SUPERIOR 35. The averments of paragraphs 1-34 are incorporated herein and made a part hereof as if set forth in full. 36. At all times described herein, Defendant Boyer was in the course and scope of his employment as a stock broker for Prudentialr or as an ostensible agent of Prudential. 37. As a result of this relationship, Prudential is responsible for the acts of Defendant Boyer. 7 . ,.- ,', M ,.' .~ ." ,_" ..-,,,,,, .,,~, ;J'_;-~~;_"",.-";,~ "_' -.''''- .".,'N:;";-';;~"-" ~~) ~ "'" _'_-;,."",.';.__ -;; ;. "'._.~;r" '~'~"_' ..'",....,-, .- '. ~" .;;';:~; --,,," . .,1 WHEREFORE, Plaintiff, Robert Riley, respectfully requests This Honorable Court to enter judgment against Defendant, Prudential Securities, Inc., for compensatory and punitive damages, plus interest and costs in an amount not in excess of the mandatory arbitration limits of Cumberland County. Respectfully submittedr THOMAS, THOMAS & HAFER, LLP /{u( /J'v :98519.1 By: ~ STEPHEN E. GEDULDIG, ESQUIRE Attorney 1.0. No. 43530 Attorneys for Plaintiff, ROBERT RILEY 8 ,.~___~. h_ ~. .. "0-' '-".-._~---'" - <,;.. .-""~ -, :;..,,-,,-,',,~-. '-,',";>" '"...-,-,""'",, ".i,,-c,-,,< '~'<'+'''-''",-",-''-'>\',,, ;'-~.,. , ;;,.;[ I , VERIFICATION I, Robert Riley, hereby verify that the averments made in the foregoing document are true and correct. I understand that false statements herein are made subject to the penalties of 18 Pa. C.S.A. 4904 relating to unsworn falsification to authorities. -1'uJVl ,,23,;Z()OO ~ f .-,...: 1 Ii:UIiI.llllJ_ll\J!~~~~_,if~1 Hi_ ~;- ,_"' "-..' ~~iRIiIr'"'C< 11- ~ ~ ~ ~ /8 V) lr} , , . ~ ~ a ~ 8 0 c) c: c.' ~ ,,~ 6" ~[r c:: ..-, ~ r i-- ii, -...; --t ~ ~ u?-,,:~;. c.) ~~C) -'U -i-- ~~~2 -' ~ '- '--.' "'>c ~.) '-..j ~ ;;! ~ :< ...... :.D -<: <"~~"'.- ,,-, ''''- SHERIFF'S RETURN - REGULAR ,.. CASE NO: 2000-04963 P COMMONWEALTH OF PENNSYLVANIA: COUNTY OF CUMBERLAND RILEY ROBERT VS BOYER SHERWOOD N ET AL CPL. TIMOTHY REITZ , Sheriff or Deputy Sheriff of Cumberland County, pensylvania, who being duly sworn according to law, says, the within COMPLAINT & NOTICE was served upon PRUDENTIAL SECURITIES INC the DEFENDANT , at 0015:15 HOURS, on the 14th day of July 2000 at C/O CHRISTOPHER S MAILLIE BM THREE LEMOYNE DRIVE LEMOYNE, PA 17043 by handing to JEREMY SNEDEGAR (OPERATIONS MANAGER) a true and attested copy of COMPLAINT & NOTICE together with and at the same time directing His attention to the contents thereof. Sheriff's Costs: Docketing Service Affidavit Surcharge 6.00 .00 .00 10.00 .00 16.00 So Answers: .V /1! ~~..-t:~ R. Thomas Kline Sworn and subscribed to before 07/17/2000 THOMAS, THOMAS & HAFER ----- - By: --- me this ;L,I",..J-" day of q.o ,).,nrv A.D. Q4 a~.'~.' .. -/t--'-' ' I~~'/ Prothonotary . . -~ - _~ I . ri_ '."_'_ SHERIFF'S RETURN - REGULAR ". CASE NO: 2000-04963 P COMMONWEALTH OF PENNSYLVANIA: COUNTY OF CUMBERLAND RILEY ROBERT VS BOYER SHERWOOD N ET AL CPL. TIMOTHY REITZ , Sheriff or Deputy Sheriff of Cumberland County, Pensylvania, who being duly sworn according to law, says, the within COMPLAINT & NOTICE was served upon BOYER SHERWOOD N the DEFENDANT , at 0015:15 HOURS, on the 14th day of July , 2000 at PRUDENTIAL SECURITIES INC THREE LEMOYNE DRIVE LEMOYNE, PA 17043 by handing to JEREMY SNEDEGAR (OPERATIONS MANAGER) a true and attested copy of COMPLAINT & NOTICE together with and at the same time directing His attention to the contents thereof. Sheriff's Costs: Docketing Service Affidavit Surcharge So Answers: 18.00 9.92 .00 10.00 .00 37.92 ~~L~"~~; R. Thomas Kline 07/17/2000 THOMAS, THOMAS Sworn and Subscribed to before By: me this .;tl..r day of C)'Pi ,2f.HK) A.D. Yl .. f2 /u"'d~ /~ '- /~thonotary