Legal Opinion
Shak v. JPMorgan Chase & Co.
District Court, S.D. New York
Decided January 12, 2016No. 15 Civ. 992 (PAE), 15 Civ. 994 (PAE), 15 Civ. 995 (PAE)PublishedCited by 18 opinions
1Opinion of the Court
OPINION & ORDER
PAUL A. ENGELMAYER, District Judge.
These cases involve allegations of market manipulation in a commodities deriva*469tives market, specifically, the market in silver futures calendar spreads. Plaintiffs, sophisticated individual commodities traders, allege that defendants (collectively, “JP Morgan”) manipulated the settlement prices in this market to benefit their positions, primarily by placing large, uneconomic orders at the close of trading. JP Morgan has moved to dismiss. For the reasons that follow, the Court grants the motion to dismiss, with leave to replead plaintiffs’…
2Cases cited51 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Arista Records, LLC v. Doe 3Court of Appeals for the Second Circuit · 2010
- United States v. Grinnell Corp.Supreme Court of the United States · 1966
- Brunswick Corp. v. Pueblo Bowl-O-Mat, Inc.Supreme Court of the United States · 1977
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3Cited by18 opinions
- Ploss v. Kraft Foods Group, Inc.District Court, N.D. Illinois · 2016
- LLM Bar Exam, LLC v. Barbri, Inc.District Court, S.D. New York · 2017
- Merced Irrigation District v. Barclays Bank PLCDistrict Court, S.D. New York · 2016
- Chavez v. Occidental Chem. Corp.District Court, S.D. Illinois · 2018
- Thomas Wacker v. JP Morgan Chase & Co.Court of Appeals for the Second Circuit · 2017
13 more not listed; retrieve them via the Exa API.