RBC Dominion Securities Corp. v. Schneider

SIFMA has submitted an Amicus “Friend of the Court” Brief

Court:

U.S. Court of Appeals

(Second Circuit)

Amicus Issue:

Whether a purchaser of securities can rely on the seller’s broker’s oral agreement as to the size and price of the securities to be sold as a binding oral agreement to sell the securities on those terms, or whether the purchaser is required to make a further inquiry into the scope of their counterparties’ authority to engage in a particular trade when dealing with a broker.

Counsel of Record:

Milbank, Tweed, Hadley & McCloy LLP

One Chase Manhattan Plaza

New York, NY 10005

Sean M. Murphy