Legal Opinion

Prager v. Knight/Trimark Group, Inc.

District Court, D. New Jersey

Decided October 27, 2000No. 00-2677 DRDPublishedCited by 24 opinions

1Opinion of the Court

OPINION

DEBEVOISE, Senior District Judge.

This action arises out of allegations that defendant Knight/Trimark Group, Inc. (“Knight”), a “market maker” engaged in the business of executing the purchase and sale of NASDAQ securities for various brokerage houses, improperly used information about retail customers’ intent to trade particular securities in order to execute its own trades for its own profit before executing its customers’ trades. Plaintiff Yakov Prager asserts five causes of action against Knight, individually and on behalf of all others similarly situated, alleging breach of…

2Cases cited12 opinions

  1. Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
  2. Shamrock Oil & Gas Corp. v. SheetsSupreme Court of the United States · 1941
  3. Ellison v. American Image Motor Co.District Court, S.D. New York · 1999
  4. Fed. Sec. L. Rep. P 90,130 Kenneth E. Newton Mlpf & S Cust. Bruce Zakheim Ira Fbo Bruce Zakheim v. Merrill, Lynch, Pierce, Fenner & Smith, Inc. Painewebber Inc. Dean Witter Reynolds. Jeffrey Phillip Kravitz v. Dean Witter Reynolds, Inc. Mlpf & S Cust. Fpo-Bruce Zakheim Ira Fbo Bruce Zakheim, Jeffrey Phillip Kravitz, and Gloria BinderCourt of Appeals for the Third Circuit · 1998
  5. Burns v. Prudential SecuritiesDistrict Court, N.D. Ohio · 2000

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3Cited by24 opinions

  1. Green v. Ameritrade, Inc.Court of Appeals for the Eighth Circuit · 2002
  2. In Re Enron Corp. Securities, Derivative & ERISADistrict Court, S.D. Texas · 2003
  3. Charles H. Behlen v. Merrill LynchCourt of Appeals for the Eleventh Circuit · 2002
  4. Professional Management Associates, Inc. Employees' Profit Sharing Plan, on Behalf of Itself and All Others Similarly Situated v. Kpmg LLPCourt of Appeals for the Eighth Circuit · 2003
  5. Araujo v. John Hancock Life InsuranceDistrict Court, E.D. New York · 2002

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