DISCLAIMER: The following unofficial case summaries are prepared by the clerk's office
as a courtesy to the reader. They are not part of the opinion of the court.
082114P.pdf 03/09/2009 Pet Quarters, Inc. v. Depository Trust etc.
U.S. Court of Appeals Case No: 08-2114
U.S. District Court for the Eastern District of Arkansas - Little Rock
[PUBLISHED] [Murphy, Author, with Smith, Circuit Judge, and
Limbaugh, District Judge]
Civil case - Securities. District court did not commit procedural error in
denying motion to remand a removed case to state court; district court did
not err in finding plaintiff's complaint presented substantial federal
questions permitting its removal to federal court; district court did not err
in concluding plaintiff's state law claims challenged aspects of the SEC's
Stock Borrowing Program and were pre-empted; district court did not err
in dismissing the complaint with prejudice after concluding amendment
of the complaint would be futile.