Cromer Finance Ltd. v. Berger

How courts have described this case

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

• noting that a substantial part of the alleged misconduct occurred in New York
• noting New York’s strong interest in having its law apply where defendants conducted themselves pursuant to standards in New York
• plaintiffs alleged that the fund administrator used false NAV figures provided by introducing broker despite concurrent receipt of accurate financial information from clearing broker
• “Ordinary economic motive, however, is insufficient to support the [pleading of a clear opportunity and motive to aid the fraud]”
• “A plaintiff need only plead facts supporting a reasonable inference of control to survive a motion to dismiss.” (quotations omitted)
• “A clear- ing broker does not provide ‘substantial assistance’ to or ‘partici- pate’ in a fraud when it merely clears trades.”

Source: CourtListener parenthetical corpus (CC0).

Cited by

105 cases in this archive cite this case; the 20 most cited are listed.

• SPV Osus Ltd. v. UBS AG
  Second Circuit· 2018-02-09· cited 285×
• Neilson v. Union Bank of California, N.A.
  C.D. California· 2003-10-20· cited 244×
• In Re Initial Public Offering Securities Litigation
  S.D. New York· 2003-02-19· cited 193×
• Bear, Stearns Securities Corp. v. Gredd (In Re Manhattan Investment Fund Ltd.)
  S.D. New York· 2007-12-17· cited 132×
• Pension Committee of the University of Montreal Pension Plan v. Banc of America Securities, LLC
  S.D. New York· 2006-07-20· cited 110×
• Marriott International Resorts, L.P. v. United States
  Federal Circuit· 2009-10-28· cited 104×
• Buonasera v. Honest Co.
  S.D. New York· 2016-09-23· cited 101×
• In Re AOL Time Warner, Inc. Securities & \Erisa\ Litigation
  S.D. New York· 2004-05-05· cited 83×
• Levitt v. J.P. Morgan Securities, Inc.
  Second Circuit· 2013-03-15· cited 70×
• Kottler v. Deutsche Bank AG
  S.D. New York· 2009-01-09· cited 62×
• Licci ex rel. Licci v. Lebanese Canadian Bank, SAL
  Second Circuit· 2013-10-18· cited 61×
• Cromer Finance Ltd. v. Berger
  S.D. New York· 2001-12-27· cited 56×
• In Re Amaranth Natural Gas Commodities Litigation
  S.D. New York· 2008-10-06· cited 54×
• In Re Independent Energy Holdings PLC Securities Litigation
  S.D. New York· 2001-07-26· cited 54×
• Spagnola v. Chubb Corp.
  S.D. New York· 2010-01-07· cited 51×
• Drenis v. Haligiannis
  S.D. New York· 2006-09-25· cited 48×
• In Re Royal Ahold N v. Securities & Erisa Litigation
  D. Maryland· 2004-12-21· cited 48×
• In Re CINAR Corp. Securities Litigation
  E.D. New York· 2002-03-05· cited 44×
• In Re Philip Services Corp. Securities Litigation
  S.D. New York· 2004-05-24· cited 43×
• Gutierrez v. Cayman Islands Firm of Deloitte & Touche
  Tex. App. Ct., 4th Dist. (San Antonio)· 2003-01-29· cited 40×

Other cases named Cromer Finance Ltd. v. Berger

3 other CourtListener records share this case name.

• Cromer Finance Ltd. v. Berger
  S.D. New York· 2001-12-27· cited 56×
• Cromer Finance Ltd. v. Berger
  S.D. New York· 2001-08-16· cited 10×
• Cromer Finance Ltd. v. Berger
  S.D. New York· 2003-02-18· cited 7×