AHW Investment Partnership v Citigroup Inc
Published on:
June 11, 2014
SIFMA submitted an Amicus “Friend of the Court”
Brief
Court:
U.S. Court of Appeals (Second Circuit)
Amicus Issues:
Whether “holder” claims (i.e., claims that a plaintiff refrained from selling a security in reliance on alleged misstatements) are derivative in nature under Delaware law and thus, must be dismissed for lack of standing.
Counsel of Record:
Skadden, Arps, Slate, Meagher & Flom LLP
Jay B. Kasner
Paul J. Lockwood
Other Amici:
None.