Rayner v. ETrade Fin. Corp.
Court of Appeals for the Second Circuit
1Opinion of the Court
Debra Ann Livingston, Circuit Judge:
Plaintiff-Appellant Ty Rayner ("Rayner") filed a class action complaint (the "Complaint") raising state law claims against Defendants-Appellees E*TRADE Financial Corporation and E*TRADE Securities LLC (collectively, "E*TRADE"). Rayner's claims for breach of fiduciary duty, unjust enrichment, and declaratory relief were each based on the same allegation that E*TRADE violated its duty of best execution.
The United States District Court for the Southern District of New York (Koeltl, J. ) dismissed all of Rayner's claims pursuant to Rule 12(b)(6) of the Federal…
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