Legal Opinion
RGH Liquidating Trust v. Deloitte & Touche LLP
New York Court of Appeals
Decided June 23, 2011PublishedCited by 7 opinions
1Opinion of the Court
OPINION OF THE COURT
Read, J.
We hold that The RGH Liquidating Trust (the Trust or the Liquidating Trust), established under the bankruptcy reorganization plan of Reliance Group Holdings, Inc. (RGH) as the debtor’s successor, is “one person” within the meaning of the single-entity exemption in the Securities Litigation Uniform Standards Act of 1998 (Pub L 105-353, 112 US Stat 3227 [SLUSA]; see 15 USC § 77p [f] [2] [C]; § 78bb [f] [5] [D]).1 As a result, SLUSA does not preclude Supreme Court from adjudicating the state common-law fraud claims that plaintiff Trust has brought against defendants…
2Cases cited16 opinions
- Francis v. GiacomelliCourt of Appeals for the Fourth Circuit · 2009
- Merrill Lynch, Pierce, Fenner & Smith Inc. v. DabitSupreme Court of the United States · 2006
- Kircher v. Putnam Funds TrustSupreme Court of the United States · 2006
- Romano v. KazacosCourt of Appeals for the Second Circuit · 2010
- Bankruptcy Services, Inc. v. Ernst & Young (In Re CBI Holding Co.)Court of Appeals for the Second Circuit · 2008
11 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Alliance Network, LLC v. Sidley Austin LLPNew York Supreme Court · 2014
- Securities Investor Protection Corp. v. Bernard L. Madoff Investment Securities LLCDistrict Court, S.D. New York · 2013
- Aguilar v. WishnerAppellate Division of the Supreme Court of the State of New York · 2025
- Deloitte & Touche LLP v. RGH Liquidating TrustSupreme Court of the United States · 2012
- Pressley v. City of New YorkAppellate Division of the Supreme Court of the State of New York · 2024
2 more not listed; retrieve them via the Exa API.