TD Ameritrade Clients Too Disparate For Class Fraud Suit

By Hailey Konnath (December 18, 2018, 8:07 PM EST) -- A group of TD Ameritrade Futures & Forex LLC clients' investments were too diverse and unique to sue the Omaha, Nebraska-based brokerage subsidiary for breach of implied covenant of good faith and fair dealing as a class, a Florida federal judge ruled Monday.

U.S. District Judge Cecilia M. Altonaga denied certification to a class proposed by lead investors Diego Krukever, Karem Sandgarten, Amir Rahimi and Kaitlin Woodell, finding that the issues couldn't be sorted out as a group and the investors' proposed formula for calculating damages for each class member "cannot be employed without substantial, fact-intensive individual inquiries," the judge said....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Subscribers Only

Nature of Suit

Subscribers Only


Subscribers Only

Date Filed

Subscribers Only

Law Firms


Judge Analytics

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!