Rothstein v. UBS AG

How courts have described this case

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

• holding that ATA's \statutory silence on the subject of secondary liability means there is none\
• holding a claim inadequate under the plausibility standard where it was not supported by any “nonconclusory allegation in the Complaint”
• noting that “at the pleading stage, the ‘fairly traceable’ standard is not equivalent to a requirement of tort causation” (quotation marks omitted)
• noting that “it is ‘wrong’ to ‘equate injury fairly traceable to the defendant with injury as to which the defendant’s actions are the very last step in the chain of causation’” (alterations and internal quotation marks omitted
• finding mere conclusory allegations that transfer of money to Iran could be used to fund terrorist groups insufficient to show proximate cause
• finding that terrorist victims had Article III standing to sue bank that provided Iran with U.S. currency because injury was fairly traceable based on reasonable inference that Iran’s ability to amass U.S. currency to fund terrorist organizations was increased by bank transfers

Source: CourtListener parenthetical corpus (CC0).