AHW Investment Partnership v Citigroup Inc

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.