Simms v. A.G.Edwards & Sons, Inc.

CourtSuperior Court of Maine
DecidedJuly 5, 2001
DocketPENcv-00-22
StatusUnpublished

This text of Simms v. A.G.Edwards & Sons, Inc. (Simms v. A.G.Edwards & Sons, Inc.) is published on Counsel Stack Legal Research, covering Superior Court of Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Simms v. A.G.Edwards & Sons, Inc., (Me. Super. Ct. 2001).

Opinion

, FILED AND ENTERED STATE OF MAINE SUPERIOR COURT SUPERIOR COURT PENOBSCOT, SS. JUL 05 2001 Docket No, No, cv; PP. 2 Susan Simms, | PENOBSCOT COUNTY Plaintiff v. ORDER ON DEFENDANTS' MOTION

FOR PARTIAL SUMMARY JUDGMENT

A.G. Edwards & Sons, Inc. et al., Defendants

Pending before the court is the defendants’ motion for summary judgment on counts 1, 2 and 3 of the amended complaint. In those counts, the plaintiff in her individual capacity seeks compensatory damages for negligent and intentional infliction of emotional distress, and she seeks punitive damages. In the remaining counts that are not directly implicated by this motion, she seeks recovery from the defendants on behalf of her father's estate.

Summary judgment is proper only if the record on summary judgment shows that there are no genuine issues of material fact and that the movant is entitled to judgment as a matter of law. See M.R.Civ.P. 56. To survive a motion for a summary judgment, the opposing party must produce evidence that, if produced at trial, would be sufficient to resist a motion for a judgment as a matter of law; "[t]he plaintiff must establish a prima facie case for each element of the cause of action." Rodrigue v.

Rodrigue, 1997 ME 99, 8, 694 A.2d 924, 926, In counts 1 and 2, the plaintiff alleges that the defendants committed a series of misrepresentations to her about the status of and transactions involving accounts that her late father held at A.G. Edwards. Specifically, in her NIED claim set out in count 1, she claims that the defendants "misrepresented the status of the estate stock sales, estate mutual funds sales, and the information necessary for moving these sales forward, thereby causing Plaintiff emotional distress which required professional care." Amended complaint at { 35. In count 2, which sounds in IIED, she alleges that the defendants "intentionally covered up their failure to sell the stocks and mutual funds as directed and misled Plaintiff by creating false explanations of why the stocks and mutual funds were not sold in a timely manner." Jd. at J 39.

It is clear from the allegations in counts 1 and 2, from the plaintiff's ‘tule 7(d) statement associated with the defendants' motion and from the plaintiff's written argument that, at their core and in their essence, her personal claims are based on fraud and misrepresentation.! Indeed, as the plaintiff argued in opposition of the pending motion, "Unless the persons and companies that engage in purposeful cover-ups and misleading conduct are held accountable, incivility will not abate.” Plaintiff's Memorandum in Opposition to Defendants’ Motion for Partial Summary Judgment at 19.

In actions for fraud and misrepresentation, a successful claimant is entitled to recover compensation for pecuniary loss but not for emotional

or mental pain and suffering. Chapman vy. Rideout, 568 A.2d 829, 830 (Me.

1In the counts brought on behalf of her father's estate, the plaintiff seeks

damages based on the reduction in the value of assets caused by alleged delays in the liquidation of those assets. 1990); Jourdain vy. Dineen, 527 A.2d 1304, 1307 (Me. 1987). See also Veilleux v. National Broadcasting Co., 206 F.3d 92, 130 (1st Cir. 2000) (applying Maine law). Thus, as a matter of law, in light of this "well- established limitation," Veilleux, 206 F.3d at 130, the plaintiff is not entitled to recovery under the theories alleged in counts 1 and 2.

In count 3, the plaintiff seeks an award of punitive damages in her individual capacity, based on the tortious conduct alleged in counts 1 and 2. "[A] claim for punitive damages will not lie unless the plaintiff receives compensatory or actual damages based on the defendant's tortious conduct. .. ." Jolovitz v. Alfa Romeo Distributors of North America, 2000 ME 174, J 11, 760 A.2d 625, 629. Counts 1 and 2 are the sole counts brought by the plaintiff in her individual capacity. Because this order will result in the entry of summary judgment for the defendants on counts 1 and 2, there is no remaining basis for an award of punitive damages to the plaintiff individually. Consequently, the defendants are entitled to

summary judgment on count 3.

The entry shall be:

For the reasons set out in the order dated July 3, 2001, the defendants’ motion for partial summary judgment is granted. Summary judgment is entered for the defendants on counts 1, 2 and 3.

Dated: July 3, 2001

Alia UP

JUSTICE! i ERIOR COURT Tay

Date Filed

1/31/2000 PENOBSCOT Docket No. CV-2000-22

County

Action CIVIL - DAMAGES 7/5/01 - S.J. FOR DEF ON COUNTS 1, 2 & 3.

Francis C. Marsano Assigned Justice

ESTATE OF JEROME P. BRADLEY, Through Personal Representative Susan Simms, and

SUSAN SIMMS,*(Amended 7/6/00) AG EDWARDS & SONS, INC., * SUSAN SIMMS, Personal Représentative of JEFFREY JACKSON and THE ESTATE OF JEROME P. BRADLEY JEAN BURGESS VS. Plaintiff's Attorney Defendant’s Attorney CHARLES HODSDON ESQ. - W/D 5/26/00 EATON PEABODY BRADFORD & VEAGUE P O BOX 1006 P O BOX 1210, BANGOR ME 04402-1210 BANGOR ME 04402-1006 BY: Bernard J. Kubetz, Esq.

FOR: All Defendants

BRETT D BABER ESQ. - 5/16/00

RKUDMAN & WINCHELL

P UO BOX [401; BANGOR ME U4402=T40T FOR: Susan Simms

Weeks & Baber 304 Hancock St.

Date of Suite 2E, Bangor, Maine 04401] Entry 1/31/00 Complaint filed. 1/31/00 Officer's Return of Service as to Jean Burgess filed (s.d. 1/6/2000) 1/31/00 Officer's Return of Service as to Jeffrey Jackson filed (s.d. 1/6/2000) 1/31/00 Officer's Return of Service as to AG Edwards & Sons, Inc. filed. (s.d. 1/7/2000 by William Richardson, Portland ME) 2/1/00 Case File Notice Postcard forwarded to Plaintiff's counsel. 2/7/00 Defendants' Motion to Extend Time for Answering Complaint filed. 2/8/00 Order on Motion to Extend Time filed. After consideration of Defendants' Motion to Extend Time for Answering Complaint, it is hereby ordered that Defendants shall have until and including February 11, 2000 to file an Answer to the Complaint. (Hjelm, J.) Copy forwarded to attorneys of record. 2/10/00 Defendants' Affirmative Defenses and Answer to Complaint filed. 2/14/00 Scheduling Order filed. Discovery Deadline is November 1, 2000. (Marsano, J, Specially Assigned Justice) Copy forwarded to attoreys of record. , 2/16/00 Notification of Discovery Service filed by Plaintiff: Notice of Dep of Jean Burgess, Notice of Deposition of Jeffrey Jackson, and Noti- Deposition of Harry Moses. 2/17/00 Notification of Discovery Service filed by Plaintiff, Amended Deposition of Jean Burgess, Jeffrey Jackson and Harry Moses 2/24/00

Jury trial fee, $300.00 paid by Charles Hodsdon, Esq. f- STATE OF MAINE SUPERIOR COURT

PENOBSCOT, SS. CIVIL ACTION

Docket No. CV-Q0-239 _.. 2 -PEN-2/g0/20"%

we April Achorn, DONALD L. GARSRECHT Plaintiff LAW LIBRARY ‘JUN 5 20% v. Decision and Judgment

FILED & ENTERED Harold Grant, Jr., et al. SUPERIOR COURT

Defendants MAY 20 2002 PENOBSCOT COUNTY

Hearing on the complaint and counterclaim was held on January 23 and 24, 2002.

On both hearing dates, all parties were present with counsel. The record developed at the trial was left open to allow the parties to submit, by agreement, the deposition transcript of John Nye. Additionally, when the record was complete, the parties filed written argument. The court has considered this additional material.

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Bluebook (online)
Simms v. A.G.Edwards & Sons, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/simms-v-agedwards-sons-inc-mesuperct-2001.