New Jersey Carpenters Vacation Fund v. Royal Bank of Scotland Group, PLC

How courts have described this case

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

• concluding that playing \significant role in the creation\ of certificates does not constitute requisite \participat[ion] in the sale or distribution\ of securities
• concluding that playing “significant role in the creation” of certificates does not constitute requisite “participation] in the sale or distribution” of securities
• noting that certificate creation occurred during \securitization process\ rather than during marketing, distribution, or sale (internal quotation marks omitted)
• noting that certificate creation occurred during “securitization process” rather than during marketing, distribution, or sale (internal quotation marks omitted)
• dismissing Section 11 claims arising out of thirteen of the fifteen securities offerings that the complaint covered where no named plaintiff purchased in those offerings
• also defining BIG as below BBB .on the S & P- rating scale and below.’ Baa on Moody’s rating scale

Source: CourtListener parenthetical corpus (CC0).