Breen v. Downey

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• explaining that there was little risk of disproportionate liability in FOREX because “the defendants [were], de facto, ‘the market’”
• noting that “a critical mass of judges within this district have concluded that plaintiffs who are not direct purchasers are not efficient enforcers in a benchmark manipulation case”
• dismissing CEA manipulation claim where court was required to draw “numerous inferences” to “connect” defendants’ “manipulative conduct to Plaintiffs’ alleged injury”
• collecting cases holding that “plaintiffs who are not direct purchasers are not efficient enforcers in a benchmark manipulation case” and noting one “exception to this rule”
• news articles and press releases about investigations of misconduct of silver market did not put the plaintiff on inquiry notice
• “Plaintiffs who do not deal directly with the defendants are referred to as ‘umbrella purchasers’ or ‘umbrella plaintiffs.’”

Source: CourtListener parenthetical corpus (CC0).