Legal Opinion
ECA, Local 134 IBEW Joint Pension Trust of Chicago v. JP Morgan Chase Co.
Court of Appeals for the Second Circuit
Decided January 21, 2009No. 07-1786-cvPublishedCited by 646 opinions
1Opinion of the Court
PAUL J. KELLY, JR., Circuit Judge.
Plaintiffs, shareholders of JP Morgan Chase & Co. (JPMC), appeal from a judgment of the United States District Court for the Southern District of New York, Sidney H. Stein, District Judge, granting JPMC’s Fed.R.Civ.P. 12(b)(6) motion to dismiss for failure to state a claim. The basis of Plaintiffs’ claim, in essence, was that they were defrauded by JPMC’s complicity in Enron Corporation’s financial scandals. In March 2005, the district court dismissed without prejudice Plaintiffs’ First Amended Complaint (FAC) for failure to sufficiently allege scienter for…
2Cases cited34 opinions
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3Cited by646 opinions
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