Legal Opinion
Carl Kircher and Robert Brockway, Individually and on Behalf of a Class v. Putnam Funds Trust and Putnam Investment Management, LLC
Court of Appeals for the Seventh Circuit
Decided June 29, 2004No. 04-1495PublishedCited by 24 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Plaintiffs own shares in Putnam Funds Trust, a mutual fund regulated by the Securities and Exchange Commission under statutes such as the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Company Act of 1940. Contending that the fund and its investment adviser (Putnam Investment Management) had engaged in misconduct that reduced the value of their shares, plaintiffs filed suit in state court, invoking state law alone. They propose to represent a class of the Fund’s investors. By forswearing reliance on federal law plaintiffs hope to…
2Cases cited18 opinions
- Carnegie-Mellon University v. CohillSupreme Court of the United States · 1988
- Franchise Tax Bd. of Cal. v. Construction Laborers Vacation Trust for Southern Cal.Supreme Court of the United States · 1983
- Bell v. HoodSupreme Court of the United States · 1946
- Abney v. United StatesSupreme Court of the United States · 1977
- Quackenbush v. Allstate InsuranceSupreme Court of the United States · 1996
13 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Kircher v. Putnam Funds TrustSupreme Court of the United States · 2006
- Ryan Rowinski, on Behalf of Himself and All Others Similarly Situated v. Salomon Smith Barney Inc., Ryan RowinskiCourt of Appeals for the Third Circuit · 2005
- Madden v. Cowen & Co.Court of Appeals for the Ninth Circuit · 2009
- Potter v. Janus Investment FundDistrict Court, S.D. Illinois · 2007
- Carl Kircher and Robert Brockway, Individually and on Behalf of a Class v. Putnam Funds Trust and Putnam Investment Management, LLCCourt of Appeals for the Seventh Circuit · 2005
19 more not listed; retrieve them via the Exa API.