Legal Opinion
In Re Optimal U.S. Litigation
District Court, S.D. New York
Decided May 2, 2011No. 10 Civ. 4095(SAS)PublishedCited by 24 opinions
1Opinion of the Court
OPINION AND ORDER
SHIRA A. SCHEINDLIN, District Judge.
I. INTRODUCTION
This putative class action arises out of Plaintiffs’ investment in the Optimal Strategic U.S. Equity fund (“Optimal U.S.”), which in turn invested one-hundred percent of its assets with Bernard L. Madoff (“Madoff’) and his firm, Bernard L. Ma-doff Investment Securities LLC (“BMIS”). Plaintiffs’ Second Amended Complaint (“SAC”) alleges that Defendants — Optimal U.S.’s investment advisor, an employee thereof, and two closely-affiliated Banco Santander entities — failed to conduct adequate diligence regarding Madoff, ignored…
2Cases cited65 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Foman v. DavisSupreme Court of the United States · 1962
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
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3Cited by24 opinions
- Magi XXI, Inc. v. Stato della Città del VaticanoCourt of Appeals for the Second Circuit · 2013
- Prospect Funding Holdings, LLC v. VinsonDistrict Court, S.D. New York · 2017
- In Re Optimal U.S. LitigationDistrict Court, S.D. New York · 2011
- LaRoss Partners, LLC v. Contact 911 Inc.District Court, E.D. New York · 2012
- Leviton Manufacturing Co. v. ReeveDistrict Court, E.D. New York · 2013
19 more not listed; retrieve them via the Exa API.