Legal Opinion
DEFER LP v. Raymond James Financial, Inc.
District Court, S.D. New York
Decided September 17, 2009No. 08 Civ. 3449(LAK)PublishedCited by 24 opinions
1Opinion of the Court
MEMORANDUM OPINION
LEWIS A. KAPLAN, District Judge.
Plaintiff, an investor in auction rate securities (“ARS”), brings this purported class action against a financial service firm and its two wholly-owned subsidiaries that underwrote, marketed and sold the securities and managed the auctions at which the interest rates they paid were set. Plaintiff claims that defendants knowingly misrepresented ARS to potential investors as highly liquid investments and earned millions of dollars in sales commissions and fees to their detriment. The matter is before the Court on defendants’ motion to dismiss…
2Cases cited32 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
- ATSI Communications, Inc. v. Shaar Fund, Ltd.Court of Appeals for the Second Circuit · 2007
27 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- In re Gentiva Securities LitigationDistrict Court, E.D. New York · 2013
- Plumbers & Steamfitters Local 773 Pension Fund v. Canadian Imperial Bank of CommerceDistrict Court, S.D. New York · 2010
- Amusement Industry, Inc. v. SternDistrict Court, S.D. New York · 2010
- Pennsylvania Public School Employees' Retirement System v. Bank of America Corp.District Court, S.D. New York · 2012
- In Re Merrill Lynch Auction Rate Securities LitigationDistrict Court, S.D. New York · 2010
19 more not listed; retrieve them via the Exa API.