TD Ameritrade Clients Too Disparate For Class Fraud Suit

Law360 (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....

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