Schwab Investments v. Northstar Financial Advisors, Inc.
Petition for certiorari denied on October 2, 2015
Issue: (1) Whether a plaintiff who lacked Article III standing at the time it filed its complaint may subsequently cure this defect by later acquiring a claim or interest and then amending its complaint to allege its post-filing acquisition; and (2) whether a mutual fund's mandatory SEC disclosures may constitute a "contract" between the fund and its investors sufficient to support a private common-law breach-of-contract action against the fund distinct from other rights of action available under the federal securities laws.
| Date | Proceedings and Orders |
|---|---|
| 07/27/2015 | Petition for a writ of certiorari filed. (Response due August 28, 2015) |
| 08/26/2015 | Brief of respondent Northstar Financial Advisors, Inc. in opposition filed. |
| 08/28/2015 | Brief amici curiae of Investment Company Institute, and Independent Directors Council filed. |
| 08/28/2015 | Brief amicus curiae of Mutual Fund Directors Forum filed. |
| 08/28/2015 | Brief amici curiae of Pacific Life Fund Advisors, LLC, et al. filed. |
| 09/08/2015 | Reply of petitioners Schwab Investments, et al. filed. |
| 09/09/2015 | DISTRIBUTED for Conference of September 28, 2015. |
| 10/05/2015 | Petition DENIED. |