Companies Mentioned
Citigroup Inc.
Category
Title
Summary
Date
Commentaries
Securities Law
Securities Law
The U.S. Court of Appeals for the Second Circuit dismissed a putative antitrust case relating to short sale transactions on the grounds that federal securities laws precluded the application of antitrust laws to short sale transactions. The case, Electronic Trading Group LLC v. Banc of America Securities LLC (aka In…
Posted:
02/26/2010
02/26/2010
Commentaries
Securities Law
Securities Law
In W.R. Huff Asset Management Co. LLC v. Deloitte & Touche LLP, 549 F.3d 100 (2nd Cir. 2008), the Second Circuit Court of Appeals held that an investment advisor who held the power of attorney to sue on behalf of his clients still lacked the standing to sue because it…
Posted:
03/3/2009
03/3/2009
Summaries
Securities Law >
New Judicial Opinions
Securities Law >
New Judicial Opinions
The issue in this appeal was whether an investment advisor that has (a) discretionary authority to make investment decisions for its clients, and (b) a power of attorney from its clients to bring this lawsuit, has constitutional standing to sue for violations of federal securities laws on behalf of its…
Date of ruling:
12/3/2008
12/3/2008
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