Legal Opinion
Precedo Capital Group Inc. v. Twitter Inc.
District Court, S.D. New York
Decided April 21, 2014No. 13 Civ. 7678(SAS)PublishedCited by 11 opinions
1Opinion of the Court
OPINION AND ORDER
SHIRA A. SCHEINDLIN, District Judge.
I. INTRODUCTION
Plaintiffs, two financial services companies, bring this suit against Twitter Inc. *248for common law fraud.1 They claim that Twitter led them to believe that non-party GSV Asset Management Inc. (“GSV Asset”) was its agent for the purpose of selling privately held Twitter stock. As a result, plaintiffs entered into agreements with GSV Asset to promote a fund of Twitter stock. However, Twitter canceled the stock sales. Plaintiffs contend that Twitter never intended to permit the stock sales, and were only taking advantage of…
2Cases cited35 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- ATSI Communications, Inc. v. Shaar Fund, Ltd.Court of Appeals for the Second Circuit · 2007
- Mills v. Polar Molecular Corp.Court of Appeals for the Second Circuit · 1993
- L-7 Designs, Inc. v. Old Navy, LLCCourt of Appeals for the Second Circuit · 2011
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3Cited by11 opinions
- Gyalpo v. Holbrook Development Corp.District Court, E.D. New York · 2017
- ABM Industry Groups, LLC v. International Union of Operating Engineers, Local 30, 30A, 30B, AFL-CIODistrict Court, S.D. New York · 2019
- Consumer Financial Protection Bureau v. MansethDistrict Court, W.D. New York · 2023
- Goldberg v. Bespoke Real Estate LLCDistrict Court, S.D. New York · 2024
- Gregory v. Boston Scientific CorporationDistrict Court, E.D. New York · 2025
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