Legal Opinion
Rayner v. ETrade Financial Corp.
District Court, S.D. New York
Decided April 3, 2017No. 16-cv-7129 (JGK)PublishedCited by 9 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
JOHN G. KOELTL,'District Judge:
The defendants, E*TRADE Financial Corporation (“E*TRADE Financial”) and E*TRADE Securities LLC (“E*TRADE Securities”) (collectively, “E*TRADE”), provide brokerage services to clients, including by routing client orders to third-party trading venues to effectuate the purchase and sale of securities. The plaintiff, Ty Rayner, on behalf of a purported class claims that E*TRADE violates its fiducia*499ry duties to its clients by routing orders to venues based on which venue makes the largest payments to E*TRADE in exchange for the orders,…
2Cases cited21 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
- McCarthy v. Dun & Bradstreet Corp.Court of Appeals for the Second Circuit · 2007
- Goldman v. BeldenCourt of Appeals for the Second Circuit · 1985
16 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Francis Fleming, Jr. v. the Charles Schwab Corp.Court of Appeals for the Ninth Circuit · 2017
- Craig L. v. ETrade Financial Corp.District Court, S.D. New York · 2017
- Rayner v. ETrade Fin. Corp.Court of Appeals for the Second Circuit · 2018
- Schwab v. ETrade Fin. Corp.District Court, S.D. Illinois · 2018
- Taksir v. Vanguard Group, Inc.District Court, E.D. Pennsylvania · 2017
4 more not listed; retrieve them via the Exa API.