Law360 (August 19, 2020, 3:05 PM EDT) -- A proposed class action filed in California federal court Tuesday claims E-Trade Securities LLC was negligent in allowing its platform to crash in April when crude oil futures prices went negative, resulting in inaccurate positive prices frozen in place and traders unable to trade, leaving them on the hook for thousands of dollars owed to the online brokerage firm.
Traders Benjamin Whitesides, Aziz Si Hadj Mohand and Matthew Cheung — residents of Utah, California and New Hampshire, respectively — are suing for breach of contract, breach of the implied covenant of good faith and fair dealing, negligence, gross negligence, and violation...
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!