Rayner v. E*Trade Fin. Corp.’s Empirical Analysis
899 F.3d 117 · 2018
Citation profile
Relationships
Applies 15 U.S.C. § 78B (§ 2 of the Securities Exchange Act of 1934)
Relies on Ashcroft v. Iqbal · Merrill Lynch, Pierce, Fenner & Smith Inc. v. Dabit · Romano v. Kazacos · Stratte-McClure v. Stanley · 134 S. Ct. 1058 - Chadbourne & Parke LLP v. Troice
Most-quoted passages
The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 3 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“To determine whether a plaintiff has alleged a misrepresentation or omission of a material fact, we look at the substance of the allegations, based on a fair reading of the complaint. What matters is the conduct alleged, not the words used to describe the conduct.”
1 later decision quote this exact passage · from the majority“It is frivolous to suggest that negatively influencing the price and quantity at which clients may buy and sell securities would not 'make[] a significant difference to someone's decision to purchase or to sell a covered security.”
1 later decision quote this exact passage · from the majority“[s]ince 'SLUSA requires our attention to both the pleadings and the realities underlying the claims,' plaintiffs cannot avoid SLUSA 'merely by consciously omitting references to securities or to the federal securities law.'”
1 later decision quote this exact passage · from the majority
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.