Free Claim - District Court of Delaware - Delaware

Case 1:05-cv-00288-KAJ

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Filed 05/27/2005

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IN THE UNITED STATES OF THE DISTRICT OF DELAWARE FOR THE DISTRICT OF DELAWARE WILLIAM R. DAVIS, as executor of the estate of James W. Davis, Sr., deceased Plaintiffs, v. RAYMOND JAMES & ASSOCIATES, INC., a Florida corporation Defendant, CrossclaimDefendant, and CHRISTINE M. POFFENBARGER, Defendant, CounterclaimPlaintiff, CrossclaimPlaintiff and Third-Party Plaintiff v. WILLIAM R. DAVIS, JAMES W. DAVIS, JR., and LINDA M. TROUTT, and STAR ENTERPRISE, INC. a Delaware corporation, Third-Party Defendants. : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :

C.A. No. 05-288

ANSWER OF DEFENDANT, RAYMOND, JAMES & ASSOCIATES, INC. TO CROSSCLAIM OF DEFENDANT/CROSSCLAIM PLAINTIFF, CHRISTINE M. POFFENBARGER 16. Defendant, Raymond James & Associates, Inc., is without information or

knowledge sufficient to enable it to form a belief as to the truth of the averments in paragraph 16 of the Crossclaim of defendant/crossclaim plaintiff, Christine M. Poffenbarger.

Case 1:05-cv-00288-KAJ

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17.

Defendant, Raymond James & Associates, Inc., is without information or

knowledge sufficient to enable it to form a belief as to the truth of the averments in paragraph 17 of the Crossclaim of defendant/crossclaim plaintiff, Christine M. Poffenbarger. 18. 19. 20. 21. Admitted. Admitted upon information and belief. Admitted. Admitted that Christine M. Poffenbarger is listed on account documents as the

named beneficiary of decedent's IRA. The remaining averments are denied as a conclusion of law to which no response is required. 22. 23. 24. 25. 26. Admitted upon information and belief. Admitted. Denied as a conclusion of law to which no response is required. Denied as a conclusion of law to which no response is required. Denied that defendant, Raymond James & Associates, Inc., is in breach of any

duties owed to any party in this case. Defendant, Raymond James & Associates, Inc., admits that Christine M. Poffenbarger is listed on account documents as the named beneficiary of decedent's IRA. WHEREFORE, defendant, Raymond James & Associates, Inc., demands that Crossclaim of defendant/crossclaim plaintiff, Christine M. Poffenbarger, against it be dismissed with prejudice and that judgment be entered in favor of defendant, Raymond James & Associates, Inc., together with reasonable attorneys' fees and costs.

Case 1:05-cv-00288-KAJ

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FIRST AFFIRMATIVE DEFENSE The Crossclaim of Christine M. Poffenbarger fails to state a claim upon which relief can be granted. SECOND AFFIRMATIVE DEFENSE Defendant, Raymond James & Associates, Inc., reserves the right to interplead into Court those IRA funds at issue in the instant matter. THIRD AFFIRMATIVE DEFENSE Any and all claims against defendant, Raymond James & Associates, Inc., are barred by the terms of the applicable Agreement. FOURTH AFFIRMATIVE DEFENSE Defendant, Raymond James & Associates, Inc., breached no duties to any party at any time. FIFTH AFFIRMATIVE DEFENSE No party is entitled to attorneys' fees, interest or costs from defendant Raymond James & Associates, Inc. SIXTH AFFIRMATIVE DEFENSE Defendant, Raymond James & Associates, Inc. is not a stakeholder and has no interest in the proceeds of the IRA account in question. SEVENTH AFFIRMATIVE DEFENSE Defendant, Raymond James & Associates, Inc., reserves the right to plead additional affirmative defenses as warranted.

Case 1:05-cv-00288-KAJ

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WHEREFORE, defendant, Raymond James & Associates, Inc., demands that Crossclaim of defendant/crossclaim plaintiff, Christine M. Poffenbarger, against it be dismissed with prejudice and that judgment be entered in favor of defendant, Raymond James & Associates, Inc., together with reasonable attorneys' fees and costs.

MARSHALL, DENNEHEY, WARNER, COLEMAN & GOGGIN

BY:/s/ Kevin J. Connors KEVIN J. CONNORS, ESQ. DE Bar ID: 2135 1220 North Market Street, 5th Fl. P.O. Box 8888 Wilmington, DE 19899-8888 Attorney for Defendant, Raymond James & Associates, Inc. DATED: May 27, 2005
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Case 1:05-cv-00288-KAJ

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CERTIFICATE OF SERVICE I hereby certify that I have served upon all persons listed below two true and correct copies of the ANSWER OF DEFENDANT, RAYMOND, JAMES & ASSOCIATES, INC. TO CROSSCLAIM OF DEFENDANT/CROSSCLAIM PLAINTIFF, CHRISTINE M. POFFENBARGER, ABOVE-CAPTIONED MATTER THIS DATE VIA E-FILE AND REGULAR MAIL: David J. Ferry, Jr., Esquire Ferry, Joseph & Pearce, P.A. 824 Market Street, Suite 904 P.O. Box 1351 Wilmington, DE 19899 Robert A. Penza, Esquire Peter M. Sweeney, Esquire Gordon, Fournaris & Mammarella, PA 1925 Lovering Avenue Wilmington, DE 19806 Laurie Selber Silverstein, Esquire Sarah E. Diluzio, Esquire Potter, Anderson & Corroon, LLP 1313 N. Market Street P.O. Box 951 Wilmington, DE 19899-0951 MARSHALL, DENNEHEY, WARNER, COLEMAN & GOGGIN

BY:/s/ Kevin J. Connors KEVIN J. CONNORS, ESQUIRE DE ID # 2135 1220 N. Market St. 5th Floor P.O. Box 8888 Wilmington, DE 19899 (302) 552-4302 Attorney for Defendant, Raymond James & Associates, Inc. DATED: May 27, 2005
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