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National Credit Union Administration Board v. RBS Securities, Inc. et al

MEMORANDUM OF LAW in Opposition re: 181 MOTION for Judgment on the Pleadings . . Document

39 Cited authorities

  1. Bell Atl. Corp. v. Twombly

    550 U.S. 544 (2007)   Cited 269,239 times   367 Legal Analyses
    Holding that a complaint's allegations should "contain sufficient factual matter, accepted as true, to 'state a claim to relief that is plausible on its face' "

  2. Gustafson v. Alloyd Co.

    513 U.S. 561 (1995)   Cited 998 times   10 Legal Analyses
    Holding that § 12 does not apply to secondary market transactions as the statute's inclusion of the term “prospectus” evinces an intent to limit the Sections's scope solely to the initial public offering

  3. Kassner v. 2nd Avenue Delicatessen Inc.

    496 F.3d 229 (2d Cir. 2007)   Cited 1,645 times   3 Legal Analyses
    Holding that amended complaint must be "sufficient to withstand a motion to dismiss under [Federal Rule of Civil Procedure] 12(b)"

  4. Commissioner v. Estate of Bosch

    387 U.S. 456 (1967)   Cited 1,465 times   4 Legal Analyses
    Holding that “federal authorities are not bound” by state-court determination of facts affecting federal tax liabilities if the United States was not a party to the state proceedings

  5. Rombach v. Chang

    355 F.3d 164 (2d Cir. 2004)   Cited 1,392 times   5 Legal Analyses
    Holding that complaint may establish scienter through facts showing that defendants "had both motive and opportunity to commit fraud"

  6. Aaron v. Securities & Exchange Commission

    446 U.S. 680 (1980)   Cited 781 times   27 Legal Analyses
    Holding that scienter is an element of Section 10(b), Rule 10b-5, and Section 17, but not Section 17 or

  7. Parker v. Columbia Pictures Industries

    204 F.3d 326 (2d Cir. 2000)   Cited 1,309 times   3 Legal Analyses
    Holding that "summary judgment may be appropriate under Cleveland where the SSDI and ADA claims ‘involve directly conflicting statements about purely factual matters’ "

  8. Lafaro v. New York Cardiothoracic Group

    570 F.3d 471 (2d Cir. 2009)   Cited 602 times
    Characterizing legal standards for review of motions to dismiss and for judgment on pleadings as "indistinguishable"

  9. Emergent Capital Inv. v. Stonepath Group, Inc.

    343 F.3d 189 (2d Cir. 2003)   Cited 484 times   2 Legal Analyses
    Holding that, in a material misstatement or omission securities fraud action, plaintiffs must allege a price correction to adequately plead loss causation

  10. United States v. Naftalin

    441 U.S. 768 (1979)   Cited 283 times   1 Legal Analyses
    Holding that Securities Act "prohibits frauds against brokers as well as investors"

  11. Rule 16 - Pretrial Conferences; Scheduling; Management

    Fed. R. Civ. P. 16   Cited 34,133 times   52 Legal Analyses
    Adopting the sanctions authorized by Rule 37(b)

  12. Section 77q - Fraudulent interstate transactions

    15 U.S.C. § 77q   Cited 3,317 times   38 Legal Analyses
    Prohibiting the use of "any device, scheme, or artifice to defraud" in connection with the offer or sale of any security

  13. Section 77k - Civil liabilities on account of false registration statement

    15 U.S.C. § 77k   Cited 2,114 times   86 Legal Analyses
    Holding liable for a false registration statement "every person who was a director of . . . or partner in the issuer" at time of filing

  14. Section 77a - Short title

    15 U.S.C. § 77a   Cited 1,231 times   30 Legal Analyses
    Titling act

  15. Section 77l - Civil liabilities arising in connection with prospectuses and communications

    15 U.S.C. § 77l   Cited 826 times   22 Legal Analyses
    Authorizing relief if the offering documents contain just one untrue statement of material fact

  16. Section 815 ILCS 5/12 - Violation

    815 ILCS 5/12   Cited 105 times
    Making it illegal "[t]o obtain money or property through the sale of securities by means of" material misstatements or omissions

  17. Section 815 ILCS 5/13 - Private and other civil remedies; securities

    815 ILCS 5/13   Cited 99 times   2 Legal Analyses
    Specifying that those who participated or aided in selling a security in violation of the Illinois securities laws are "joint and severally liable to the purchaser," including purchasers' attorneys' fees and expenses

  18. Section 815 ILCS 5/1 - Short title

    815 ILCS 5/1   Cited 72 times

    This Act may be cited as the Illinois Securities Law of 1953. 815 ILCS 5/1 P.A. 86-1475.

  19. Section 240.10b-5 - Employment of manipulative and deceptive devices

    17 C.F.R. § 240.10b-5   Cited 9,228 times   134 Legal Analyses
    Holding liable any person who "make any untrue statement of material fact"

  20. Section 230.159A - Certain definitions for purposes of section 12(a)(2) of the Act

    17 C.F.R. § 230.159A   Cited 12 times

    (a)Definition of seller for purposes of section 12(a)(2) of the Act. For purposes of section 12(a)(2) of the Act only, in a primary offering of securities of the issuer, regardless of the underwriting method used to sell the issuer's securities, seller shall include the issuer of the securities sold to a person as part of the initial distribution of such securities, and the issuer shall be considered to offer or sell the securities to such person, if the securities are offered or sold to such person