Yenchi v. Ameriprise Financial, Inc., PICS Case No. 17-0964 (Pa. June 20, 2017) Donohue, J., Todd, J. (dissenting) (25 pages).
Superior Court erred in reversing the trial court's grant of summary judgment to defendants on whether there was a fiduciary relationship between the parties because a fiduciary relationship arose in the context of consumer transactions only if one party ceded decision-making authority to the other party and that did not occur in this case. Reversed in part.
July 14, 2017 at 01:22 PM
3 minute read
Financial Advisor • Fiduciary Relationship • Decision-Making Authority • Consumer Transactions
Yenchi v. Ameriprise Financial, Inc., PICS Case No. 17-0964 (Pa. June 20, 2017) Donohue, J., Todd, J. (dissenting) (25 pages).
Superior Court erred in reversing the trial court's grant of summary judgment to defendants on whether there was a fiduciary relationship between the parties because a fiduciary relationship arose in the context of consumer transactions only if one party ceded decision-making authority to the other party and that did not occur in this case. Reversed in part.
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