John R. D'alessio, D'Alessio Securities, Inc. v. New York Stock Exchange, Inc., Richard A. Grasso, Edward A. Kwalwasser, and Robert J. McSweeney

How courts have described this case

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

• holding that “because the NYSE’s alleged violations of the federal securities laws underlie D’Ales-sio’s state law claims, the federal issue is substantial”
• holding that a self-regulating authority like FINRA is \immune from liability for claims arising out of the discharge of its duties under the Exchange Act\
• stating that issues requiring interpretation and application of federal securities laws and related statutory and regulatory requirements are “areas of undisputed strong federal interest”
• stating that issues requiring interpretation and application of federal securities laws and related statutory and regulatory requirements are “areas of undisputed strong federal interest”
• noting that we decide whether to extend absolute immunity on a “case-by-case basis, depending upon the nature of the governmental function being performed.”
• observing that source of exchange’s duty to monitor compliance with federal securities law and rules and regulations promulgated thereunder “is found in federal law, namely, in the Exchange Act” (emphasis in original)

Source: CourtListener parenthetical corpus (CC0).