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Schwab Investments v. Northstar Financial Advisors, Inc.

Certiorari Denied

Petition for certiorari denied on October 2, 2015.

Docket No.15-134
Op. Below9th Cir.

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.

Proceedings & orders timeline

Jul 27, 2015
Petition for a writ of certiorari filed. (Response due August 28, 2015)
Aug 26, 2015
Brief of respondent Northstar Financial Advisors, Inc. in opposition filed.
Aug 28, 2015
Brief amici curiae of Investment Company Institute, and Independent Directors Council filed.
Aug 28, 2015
Brief amicus curiae of Mutual Fund Directors Forum filed.
Aug 28, 2015
Brief amici curiae of Pacific Life Fund Advisors, LLC, et al. filed.
Sep 8, 2015
Reply of petitioners Schwab Investments, et al. filed.
Sep 9, 2015
DISTRIBUTED for Conference of September 28, 2015.
Oct 5, 2015
Petition DENIED.

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