Legal Opinion
Securities & Exchange Commission v. Andrade
District Court, D. Rhode Island
Decided January 15, 2016No. C.A. No. 15-231 SPublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM AND ORDER
WILLIAM E. SMITH, Chief Judge
Before the Court are Motions to Dismiss filed by Defendants Kenneth Rampino and Anthony Andrade (ECF Nos.- 13 and 15, respectively). The Securities and Exchange Commission (“SEC”) filed oppositions (ECF Nos. 18 and 19), and Rampino and Andrade filed replies (ECF Nos. 23 and 24). After careful consideration, Defendants’ motions are DENIED for the reasons set forth below.'
I. Background
The SEC alleges that Defendant An-drade, who was on the Board of Directors of Bancorp Rhode Island, Inc. (“Bancorp RI”), committed insider trading in violation of…
2Cases cited10 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Dirks v. Securities & Exchange CommissionSupreme Court of the United States · 1983
- Fed. Sec. L. Rep. P 90,239 Securities and Exchange Commission v. Thomas WardeCourt of Appeals for the Second Circuit · 1998
- Rederford v. US Airways, Inc.Court of Appeals for the First Circuit · 2009
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3Cited by1 opinion
- Securities & Exchange Commission v. SpivakDistrict Court, D. Massachusetts · 2016