Legal Opinion
Robert Gehring, et al. v. Osaic Incorporated, et al.
District Court, D. Arizona
Decided January 30, 2026No. 2:25-cv-00367Unknown
1Opinion
1 WO 2 3 4 5 6 IN THE UNITED STATES DISTRICT COURT 7 FOR THE DISTRICT OF ARIZONA 8 9 Robert Gehring, et al., No. CV-25-00367-PHX-KML 10 Plaintiffs, ORDER 11 v. 12 Osaic Incorporated, et al., 13 Defendants. 14 15 This suit is one of many filed in recent years against financial firms involving the 16 operation of “cash sweep programs.” These programs allow financial firms to sweep 17 uninvested money out of their client accounts and place it with a list of selected banks to 18 invest or lend. The banks pay interest to the financial firms, but the firms pass along only 19 a fraction of that…
2Cases cited36 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Lopez v. SmithCourt of Appeals for the Ninth Circuit · 2000
- Transamerica Mortgage Advisors, Inc. v. LewisSupreme Court of the United States · 1979
- Von Saher v. Norton Simon Museum of Art at PasadenaCourt of Appeals for the Ninth Circuit · 2010
- Securities & Exchange Commission v. Capital Gains Research Bureau, Inc.Supreme Court of the United States · 1963
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