On or around 11/16/2018 (Other)
Filing Date: July 22, 2016
According to the law firm press release, E*TRADE provides online brokerage services to retail investors, and the Complaint alleges that Defendants made materially false and misleading statements and/or omitted adverse facts about its routing practices for its clients’ orders.
On November 9, 2016, the Court appointed Lead Plaintiff and Counsel. Lead Plaintiff filed an amended complaint on December 12.
A second amended complaint was filed on February 10, 2017. On July 10, 2017, the Court granted Defendants' motion to dismiss without prejudice.
A third amended complaint was filed on August 9, 2017. On August 30, Defendants filed a Motion to Dismiss the third amended complaint. On January 22, 2018, the Court issued an Order granting the Motion to Dismiss and closing the case. Lead Plaintiff filed a Notice appealing this decision on February 15. On November 16, the Court of Appeals affirmed the judgment of the District Court.
Company & Securities Information
Defendant: E*TRADE Financial Corporation
Industry: Investment Services
Headquarters: United States
Ticker Symbol: ETFC
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Craig L Schwab, et al. v. E*TRADE Financial Corporation, et al.