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Weinraub v. Glen Rauch Securities

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION


March 5, 2008

MARK WEINRAUB, PLAINTIFF-APPELLANT,
v.
GLEN RAUCH SECURITIES, INC., BEAR STEARNS & CO., NASD DISPUTE RESOLUTION, INC.,*FN1 AND VALLEY NATIONAL BANK, JOINTLY AND SEVERALLY, DEFENDANTS-RESPONDENTS.

On appeal from the Superior Court of New Jersey, Law Division, Bergen County, Docket No. L-2485-06.

Per curiam.

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION

Argued: February 6, 2008

Before Judges Cuff, Lisa and Lihotz.

Plaintiff Mark Weinraub is a disappointed investor. On March 23, 2006, plaintiff filed a complaint in the Superior Court, Law Division, to recover his investment losses. This litigation represents the fourth forum in which he has sought to recoup his loses having previously submitted his claim to arbitration, having sought vacation of the arbitration award in the New York State courts, having filed an action seeking compensatory and punitive damages in federal court, and now the Superior Court of New Jersey.*fn2

Plaintiff appeals two orders: the October 12, 2006 order dismissing his complaint against his stock broker (Glen Rauch Securities, Inc.), the clearing broker (Bear Stearns & Co.), the arbitral organization (NASD Dispute Resolution, Inc.), and a bank (Valley National Bank); and the December 1, 2006 order granting the NASD motion for sanctions in the amount of $1,178.55 against plaintiff and his attorney. Having reviewed the record in its entirety, we are satisfied that the arguments presented by plaintiff are without sufficient merit to warrant discussion in a written opinion. R. 2:11-3(e)(1)(E). We affirm substantially for the reasons expressed by Judge Jonathan Harris in his comprehensive September 22, and December 1, 2006 oral opinions.

Affirmed.


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