Klein v. QLIK Technologies, Inc.
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By Jeremy Root

Absent evidence of bad faith, Rule 17(a) substitution of plaintiffs should be liberally allowed when the change is merely formal and in no way alters the original complaint’s factual allegations as to the events or the participants.

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Claims of Unauthorized Trades Fail to Move Beyond the Pleading Stage: McClellon v. Wells Fargo
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By Paul J. Dubow

*A claim of unauthorized trading will be dismissed if the plaintiff fails to allege that he was injured thereby.

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Class Action Against Hertz Fails for Lack of Scienter: In Re Hertz Global Holdings Inc.
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By David C. Franceski, Jr.

Myriad multi-year accounting errors across numerous accounting categories which resulted in significant income restatements, even when accompanied by allegations of inaccurate SOX certifications,

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Too Many Beneficiaries Spoil the Distribution — Leads to Interpleader: UBS Financial v. Aliberti
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By Christopher G. Lazarini

A financial institution holding a self-directed IRA owes no fiduciary duty to the account owner; however,

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Class Certification Granted on TD Ameritrade’s Order Routing Policies: Klein v. TD Ameritrade
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By Jeremy Root

In assessing best execution on a systemic basis, the individual trading strategies of the brokerage firm’s customers are not relevant and the damages caused by the alleged failure to provide best execution may be,

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Boilerplate Denials by Clients Fails to Get Broker Off the Hook in Raiding Case: E*TRADE Financial Corp. v. Pospisil
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By James L. Komie

In a raiding case, boilerplate unsworn statements submitted by clients of a defendant broker stating that the defendant did not “solicit” during undocumented calls,

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