First Trust Advisors L.P. v. Virtu Americas LLC

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION FIRST TRUST ADVISORS, L.P., ) ) Plaintiff, ) ) No. 17-cv-09009 v. ) ) Judge Andrea R. Wood VIRTU AMERICAS LLC, ) ) Defendant. ) MEMORANDUM OPINION AND ORDER Plaintiff First Trust Advisors (“FTA”), an investment advisor, brought this action against Defendant Virtu Americas LLC (“Virtu”), a broker-dealer, alleging state common law claims for breach of contract and promissory estoppel arising from Virtu’s alleged failure to timely execute securities trades on FTA’s behalf. FTA originally filed this case in…