Legal Opinion · Dissent
Northstar Financial Advisors Inc. v. Schwab Investments
Court of Appeals for the Ninth Circuit
Decided March 9, 2015No. 11-17187Published
1DissentBea, Circuit Judge
When Northstar Financial Advisors, Inc. (“Northstar”) commenced this action by filing its complaint, it did not own, nor had it ever owned any Schwab Total Bond Market fund (“Fund”) shares. Likewise, at the commencement of this action, Northstar did not own any claims of anyone who had owned any of such shares during the period when the defendants are alleged improperly to have lowered the share value of the Fund.
*1066Hence, when Northstar sued for damages on its own behalf and for those of the class of share owners Northstar sought to represent in this class action, Northstar itself had not…
2Cases cited16 opinions
- Mollan v. TorranceSupreme Court of the United States · 1824
- The Cetacean Community v. George W. Bush, President of the United States of America Donald H. Rumsfeld, United States of America Secretary of DefenseCourt of Appeals for the Ninth Circuit · 2004
- Charles Laduke v. Alan C. Nelson, Etc.Court of Appeals for the Ninth Circuit · 1985
- Prasco, LLC v. Medicis Pharmaceutical Corp.Court of Appeals for the Federal Circuit · 2008
- Nuclear Engineering Company v. William J. Scott, Illinois Ex Rel. William J. Scott v. Nuclear Engineering CompanyCourt of Appeals for the Seventh Circuit · 1981
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