Legal Opinion
In re Telexfree Sec. Litig.
District Court, District of Columbia
Decided January 29, 2019No. MDL No. 4:14-md-02566-TSHPublishedCited by 1 opinion
1Opinion of the Court
TIMOTHY S. HILLMAN, DISTRICT JUDGE
Introduction
Pricewaterhouse Cooper's LLP ("PWC"), is a Defendant in the TelexFree multi-district securities litigation. They move to dismiss the First, Second, Third, Fourth, Fifth, Sixth, Seventh, and Ninth, Claims for Relief against them in the Plaintiff's Second Consolidated Amended Complaint (SCAC) pursuant to Fed. R. Civ. P. 12(b)(6).
TelexFree, Inc., ("TelexFree") was a pyramid scheme that operated from February 2012, to April 2014, and involved approximately two million participants world-wide, nearly one million of whom suffered a net financial loss.…
2Cases cited17 opinions
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- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994
- Rodriguez-Reyes v. Molina-RodriguezCourt of Appeals for the First Circuit · 2013
- Securities & Exchange Commission v. TamboneCourt of Appeals for the First Circuit · 2010
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3Cited by1 opinion
- Cellucci v. Foster GarveyDistrict Court, D. Massachusetts · 2023