In an opinion today, Judge Forrest allowed an investor to proceed with a suit against the trustee of a mortgage-backed security trust. She found that Rule 8 was satisfied in this context, even though the complaint did not refer to specific loans or say how any particular loan was a breach of the representations, because
In an opinion today, Judge Forrest dismissed (with a limited right to replead) claims that various banks and their affiliates conspired to monopolize and inflate prices in the market for zinc stored in warehouses licensed by the London Metal Exchange. The case is similar to the aluminum antitrust cases before Judge Forrest (covered here). She found (among other things) that the complaint alleged, at most, parallel conduct.
Continue Reading Judge Forrest Dismisses Zinc Antitrust Case; Chides Lawyers for “Group Pleading”