Legal Opinion
Anschutz Corp. v. Merrill Lynch & Co.
Court of Appeals for the Second Circuit
Decided August 14, 2012No. Docket 11-1305-cvPublishedCited by 228 opinions
1Opinion of the Court
JOSÉ A. CABRANES, Circuit Judge:
This appeal raises (1) federal and state claims of market manipulation based upon the practice of placing “support bids” in the Auction Rate Securities (“ARS”) market; and (2) claims of negligent misrepresentation based upon the credit ratings assigned to the ARS at issue. We affirm the District Court’s decision to dismiss the federal securities law claims against Merrill Lynch & Co., Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated (the “Merrill Defendants”), holding that the market manipulation claims in this case fail for the same reasons we…
2Cases cited26 opinions
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- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
- In Re Time Warner Inc. Securities LitigationCourt of Appeals for the Second Circuit · 1993
- Rombach v. ChangCourt of Appeals for the Second Circuit · 2004
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3Cited by228 opinions
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