Legal Opinion
Portell v. Zayed
District Court, E.D. Illinois
Decided March 21, 2019No. 18-CV-05414PublishedCited by 2 opinions
1Opinion of the Court
John J. Tharp, Jr., United States District Judge
A group of self-described mom and pop investors brought a class action complaint in DuPage County Circuit Court against the defendants for breach of fiduciary duty in connection with investments in a mutual fund called "KZSIX." The complaint alleges that the defendants failed to disclose their conflicts of interest relating to the fund, misrepresented KZSIX's susceptibility to market downturns, and transferred the plaintiffs' investments into KZSIX without the investors' affirmative and informed consent to do so. As a result of being invested in…
2Cases cited13 opinions
- Rockwell International Corp. v. United StatesSupreme Court of the United States · 2007
- Merrill Lynch, Pierce, Fenner & Smith Inc. v. DabitSupreme Court of the United States · 2006
- Kircher v. Putnam Funds TrustSupreme Court of the United States · 2006
- Menominee Indian Tribe of Wisconsin v. Tommy G. ThompsonCourt of Appeals for the Seventh Circuit · 1998
- Michael Spielman, on Behalf of Himself and All Other Similarly Situated Persons v. Merrill Lynch, Pierce, Fenner & Smith, IncorporatedCourt of Appeals for the Second Circuit · 2003
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3Cited by2 opinions
- Luethje v. Novolex Shields, LLCDistrict Court, N.D. Illinois · 2024
- WALDEN v. THE BANK OF NEW YORK MELLON CORPORATIONDistrict Court, W.D. Pennsylvania · 2024