Which Laws Apply to Broker-Dealers? Federal Laws? State Laws? Both? General Principles Leading to an Answer

TAMAR FRANKEL

BU Law emerita professor Tamar Frankel explains the law of preemption as it pertains to broker-dealers and their investor clients. She predicts, among other things, that either the clients will demand that broker-dealers adhere to a fiduciary duty, or else that states will impose that duty on them.

Read More

Ex parte City of Millbrook.

Docket: 1180050

Opinion Date: March 6, 2020

Judge: Mitchell

Areas of Law: Civil Procedure, Government & Administrative Law, Personal Injury, Real Estate & Property Law

Josie Wright was injured when she fell in front of the Millbrook Civic Center. She and her husband James sued the City of Millbrook based on her injuries. The City's liability turned on a question of statutory interpretation. The City asked the Alabama Supreme Court to issue a writ of mandamus to direct the Elmore Circuit Court to grant the City's motion for a summary judgment on the basis of Article 2 of the recreational-use statutes, sections 35-15- 20 through -28, Ala. Code 1975. That article immunized landowners from liability for accidents that occur on "outdoor recreational land." Because the City did not show the civic center was included within the definition of "outdoor recreational land" in Article 2, the Court denied the petition.

Foster v. Foster

Docket: 1180648

Opinion Date: March 6, 2020

Judge: Sellers

Areas of Law: Civil Procedure, Trusts & Estates

Gary D. Foster and Stephen Foster were brothers who had a disagreement over the management of the "Foster Family 1989 Trust" ("the Trust"). Gary filed a "complaint" seeking an accounting and an inventory of the Trust and, subsequently, seeking to remove Stephen as the trustee of the Trust. The trial court entered a final judgment in favor of Gary and assessed damages. Stephen appealed. Finding no reversible error in the trial court’s decision, the Alabama Supreme Court affirmed.