Shaw v. Charles Schwab & Co., Inc.

ORDER GRANTING PLAINTIFFS’ MOTION TO REMAND

MORENO, District Judge.

Presently before the Court are Plaintiffs’ motion to remand to state court and Defendant’s motion to dismiss Plaintiffs’ complaint. Having considered the parties’ moving papers, materials submitted in support therewith, and oral argument, the Court grants Plaintiffs’ motion. The Court’s order renders Defendant’s motion moot.

I. Facts

Plaintiffs purport to represent a class of investors who used Defendant Charles Schwab’s web site to conduct purchases and sales of stocks, options, and other securities. In particular, Plaintiffs…