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Dismissals E*Trade

A&O Shearman

Second Circuit Affirms Dismissal Of Putative Class Action Against E*TRADE As Precluded By SLUSA

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On July 31, 2018, the United States Court of Appeals for the Second Circuit unanimously affirmed the dismissal of a putative class action asserting state-law claims for breach of fiduciary duty, unjust enrichment, and...more

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Southern District Of New York Again Dismisses—This Time With Prejudice—Securities Fraud Claims For Failure To Plead Reliance And...

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On January 20, 2018, Judge John Koeltl of the United States District Court for the Southern District of New York dismissed a putative class action under Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5...more

A&O Shearman

Southern District Of New York Dismisses Securities Fraud Claims For Failure To Plead Reliance And Scienter

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On July 10, 2017, Judge John G. Koeltl of the United States District Court for the Southern District of New York dismissed a putative securities fraud class action against E*TRADE Securities LLC (“E*TRADE”), E*TRADE Financial...more

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Southern District Of New York Dismisses Putative Class Action, Holding That Claims Are Precluded By SLUSA

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On April 1, 2017, District Judge John G. Koeltl of the United States District Court for the Southern District of New York dismissed a putative class action against brokerage firm E*TRADE Financial Corporation and E*TRADE...more

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