Legal Opinion
Lbbw Luxemburg S.A. v. Wells Fargo Securities LLC
District Court, S.D. New York
Decided March 31, 2014No. 12 Civ. 7311(JPO)PublishedCited by 32 opinions
1Opinion of the Court
OPINION AND ORDER
J. PAUL OETKEN, District Judge:
This case arises from Plaintiffs September 2006 investment in a collateral debt obligation (“CDO”) that was backed by securitized subprime mortgages. Plaintiffs investment performed poorly when the market for those securities collapsed, and Plaintiff now seeks to recover its losses under various contract and tort theories including breach of fiduciary duty, negligent representation, fraud, and constructive fraud. Plaintiff, LBBW Luxemberg S.A. (“LBBW”), is a regional European bank that previously operated as Landesbank Rheinland-Pfalz…
2Cases cited51 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Mills v. Polar Molecular Corp.Court of Appeals for the Second Circuit · 1993
- International Audiotext Network, Inc. v. American Telephone and Telegraph CompanyCourt of Appeals for the Second Circuit · 1995
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3Cited by32 opinions
- Spinelli v. National Football LeagueCourt of Appeals for the Second Circuit · 2018
- Schwartzco Enterprises LLC v. TMH Management, LLCDistrict Court, E.D. New York · 2014
- McBeth v. PorgesDistrict Court, S.D. New York · 2016
- Spinnato v. Unity of Omaha Life Ins. Co.District Court, E.D. New York · 2018
- Silvercreek Management, Inc. v. Citigroup, Inc.District Court, S.D. New York · 2017
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