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467 So. 2d 397

467 So.2d 397

10 Fla.L.Weekly 810

Lyon v. Sheen

District Court of Appeal of Florida · decided 1985-03-27

Cited by 1 later decisions — most recently March 1986

1 state decisions

Key passage — most relied on by later courts

“[t]he important operative fact here is that at the time the general release was given, the stockbroker no longer worked for Merrill, Lynch and the release only names Merrill, Lynch, together with its agents, employees, successors and assigns.”

quoted by 1 later decision, including 485 So. 2d 422 - Sheen v. Lyon

“was not, in fact, included within [the release's] language,”

quoted by 1 later decision, including 485 So. 2d 422 - Sheen v. Lyon

Good law ✅— No negative treatment on recordhow we know

Decided 1985-03-27

View the full empirical analysis of this case →

LETTS, Judge.

¶1This case involves a suit against Merrill, Lynch, Pierce, Fenner & Smith and its employee stockbroker for alleged improprieties in the handling of a customer’s account. Merrill, Lynch settled the matter with the plaintiff and a general release'was obtained. The court held that the general release also released the individual employee stockbroker and granted a summary judgment in his favor. We disagree and reverse.

¶2The important operative fact here is that at the time the general release was given, the stockbroker no longer worked for Merrill, Lynch and the release only named Merrill, Lynch, together with its agents, employees, successors and assigns. Nonetheless, the stockbroker claims that the general release did cover him because he was in the employ of Merrill, Lynch at the time the cause of action arose and because of the circumstances out of which it arose.

¶3*398We are sympathetic to this argument but find from a reading of the general release that the individual stockbroker was not, in fact, included within its language. As a consequence, we find that the granting of the summary judgment in his favor was erroneous and, accordingly, we reverse and remand for further proceedings.

¶4REVERSE AND REMANDED.

GLICKSTEIN and BARKETT, JJ., concur.
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