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Judge Jones http://nycourts.law.com/CourtDocumentViewer.asp?view=Document&docID=46121 THE COURT dismissed plaintiff’s claims, which arose out of his 1992 arrest and the surrounding circumstances, as barred by res judicata and collateral estoppel. In his state court proceedings, plaintiff asserted claims of false arrest and imprisonment against Merrill Lynch, Pierce, Fenner & Smith for allegedly providing false information to law enforcement agencies. The Appellate Division had agreed with the lower court’s rulings, stating that “[i]t is clear that plaintiff’s detention by Scotland Yard in 1992 was pursuant to valid legal process, and that defendants’ act of informing the authorities that someone had been attempting to sell stolen bonds does not constitute a ground for a claim of false arrest or conspiracy to cause false arrest.” The instant court added that plaintiff’s current federal claims, although clothed under somewhat different theories of law, are based on the same 1992 arrest and the surrounding circumstances that the state courts previously adjudicated after a full and fair hearing.

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