Green v. Nuveen Advisory Corp.

MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

Plaintiffs brought this action on behalf of themselves and other common stockholders alleging that the defendants violated sections 8(e), 34(b), 36(a), and 36(b) of the Investment Company Act [the “ICA”], as well as state law. Plaintiffs move for certification of plaintiff and defendant classes. Defendants move to deny class certification and to dismiss the complaint on various grounds. For the following reasons, defendants’ motion to dismiss is granted in part and denied in part, and plaintiffs’ motion for certification is denied.

Background1

T…