Legal Opinion
People v. Edward D. Jones & Co.
California Court of Appeal
Decided August 24, 2007No. C053407PublishedCited by 10 opinions
1Opinion of the Court
Opinion
ROBIE, J.
The People of the State of California sued Edward D. Jones & Co. (Edward Jones), a brokerage firm, for failing to adequately disclose to investors and potential investors certain “shelf-space” agreements under which Edward Jones received additional compensation for selling certain preferred mutual funds. The trial court dismissed the action on the ground it was preempted by federal law—namely, the National Securities Markets Improvement Act of 1996 (Pub.L. No. 104-290 (Oct. 11, 1996) 110 Stat. 3416, 3417; 15 U.S.C. § 77r) (NSMIA)—because, in the court’s view, “[t]he assertion…
2Cases cited8 opinions
- Le Francois v. GoelCalifornia Supreme Court · 2005
- Le Francois v. GoelCalifornia Supreme Court · 2005
- Bronco Wine Company v. JollyCalifornia Supreme Court · 2004
- Dowhal v. Smithkline Beecham Consumer HealthcareCalifornia Supreme Court · 2004
- People v. RivaCalifornia Court of Appeal · 2003
3 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- K.C. Multimedia, Inc. v. Bank of America Technology & Operations, Inc.California Court of Appeal · 2009
- Thomson v. CanyonCalifornia Court of Appeal · 2011
- In Re Marriage of BartholdCalifornia Court of Appeal · 2008
- Grossmont Union High School District v. STATE DEPARTMENT OF EDUCATIONCalifornia Court of Appeal · 2008
- McKenney v. Purepac Pharmaceutical Co.California Court of Appeal · 2008
5 more not listed; retrieve them via the Exa API.