Gottlieb v. Sullivan & Cromwell
Opinion of the Court
—In an action to recover damages arising from, inter alia, negligent hiring and supervision by the defendant of its employees, the plaintiff appeals from an order of the Supreme Court, Queens County (Di Tucci, J.), dated June 1, 1992, which granted the defendant’s motion for summary judgment and dismissed the complaint.
Ordered that the order is affirmed, with costs.
The plaintiff, a market maker on the American Stock Exchange, sued the defendant, a well-known New York law firm, after it was discovered that three support employees of the defendant had stolen confidential information from the firm, which they sold to outside parties who used it to make illegal trades. The plaintiff alleges that he suffered monetary damages after purchasing options on stock that were adversely affected by the illegal trades made using the inside information leaked by the defendant’s three renegade employees.
The plaintiff was not a client of the defendant’s, with the
Case-law data current through December 31, 2025. Source: CourtListener bulk data.