Fed. Sec. L. Rep. P 90,286 Raizy Levitin v. Painewebber, Inc.
Court of Appeals for the Second Circuit
1Opinion of the Court
WINTER, Chief Judge.
Raizy Levitin brought this action on behalf of herself and a class of all others who engaged in short sales through accounts with PaineWebber, Inc. (“PW”) after August 1992. Levitin claims that PW violated Section 10(b) of the Securities and Exchange Act of 1934 (“1934 Act”), 15 U.S.C. § 78j(b), and New York law when PW realized profits from collateral securing her short sale transactions and failed to inform her of those profits or to remit them to her. Judge Chin dismissed her federal claims and declined to exercise supplemental jurisdiction over her state law claims.…
2Cases cited19 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Hines v. DavidowitzSupreme Court of the United States · 1941
- Rice v. Santa Fe Elevator Corp.Supreme Court of the United States · 1947
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Florida Lime & Avocado Growers, Inc. v. PaulSupreme Court of the United States · 1963
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