Oughtred v. E*Trade Financial Corporation et al

Justia Dockets & Filings Second Circuit New York Southern District Oughtred v. E*Trade Financial Corporation et al

Oughtred v. E*Trade Financial Corporation et al

Defendant:	ETrade Financial Corporation and ETrade Securities LLC
Case Number:	1:2008cv03295
Filed:	April 2, 2008
Court:	US District Court for the Southern District of New York
Office:	Foley Square Office
County:	New York
Presiding Judge:	Sidney H. Stein
Nature of Suit:	Securities/Commodities/Exchanges
Cause of Action:	15 U.S.C. § 78
Jury Demanded By:	Plaintiff

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Date Filed	Document Text
March 31, 2011	Filing 64 OPINION & ORDER re: 44 MOTION to Dismiss The Second Amended Class Action Complaint filed by ETrade Securities LLC, ETrade Financial Corporation. Plaintiffs have not alleged facts supporting the strong inference of scienter required by ext ensive Supreme Court and Second Circuit authority in order to state a claim for relief pursuant to Section 10(b) and Rule 10b-5. Accordingly, defendants' motion is granted in its entirety and the second amended complaint is dismissed with prejudice. (Signed by Judge Sidney H. Stein on 3/31/2011) (tro)

Date Filed

Document Text

March 31, 2011

Filing 64 OPINION & ORDER re: 44 MOTION to Dismiss The Second Amended Class Action Complaint filed by E*Trade Securities LLC, E*Trade Financial Corporation. Plaintiffs have not alleged facts supporting the strong inference of scienter required by ext ensive Supreme Court and Second Circuit authority in order to state a claim for relief pursuant to Section 10(b) and Rule 10b-5. Accordingly, defendants' motion is granted in its entirety and the second amended complaint is dismissed with prejudice. (Signed by Judge Sidney H. Stein on 3/31/2011) (tro)

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Defendant: E*Trade Financial Corporation
Represented By:	Nicolas Morgan
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Defendant: E*Trade Securities LLC
Represented By:	Nicolas Morgan
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