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.
163013P.pdf 05/10/2018 Jay Zola v. TD Ameritrade, Inc.
U.S. Court of Appeals Case No: 16-3013
and No: 16-3016
and No: 16-3019
U.S. District Court for the District of Nebraska - Omaha
[PUBLISHED] [Wollman, Author, with Loken and Melloy, Circuit Judges]
Civil case - Securities Litigation Uniform Standards Act of 1998. The
district court did not err in concluding that plaintiffs' various state
law claims, including a claim that defendant breached its duty of best
execution when it routed client orders to buy and sell securities to
trading venues that paid defendant higher fees for its order flow, were
precluded by the Securities Litigation Uniform Standards Act of 1998; the
gravamen of plaintiffs' claims involves a misrepresentation or omission of
a material fact in connection with the purchase or sale of a covered
security and the action is precluded - see Lewis v. Scottrade, Inc. 879
F.3d 850 (8th Cir. 2018), deadline for filing petition for cert. extended
to May 9, 2018.