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Wang v. Ameritrade et al
Case Number:
1:20-cv-04028
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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December 18, 2020
Judge Says Virus To Blame For Losses, Not TD Ameritrade
An Illinois federal judge on Thursday said the COVID-19 pandemic was to blame for oil futures dropping into negative prices in April and not TD Ameritrade Inc. and its trading platform thinkorswim, tossing a suit against the companies that sought to hold them responsible for traders losing money over the unprecedented event.
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October 30, 2020
Oil Futures Suit Can't Go To Arbitration, TD Clients Say
Clients who used TD Ameritrade's trading platform thinkorswim on Thursday told a federal judge in Chicago that their proposed class action over the company's management of oil futures' unprecedented dip below zero in April should not be sent to arbitration because "serious questions" exist about the purported arbitration terms.
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October 05, 2020
TD Ameritrade Aims To Tank Crude Oil Futures Action
TD Ameritrade and an associated broker on Friday tried to wash their hands of losses their clients suffered in connection with a "historically unique" crude oil market trading collapse, telling a federal judge that a proposed class action they face in Illinois federal court is no more than an attempt to pin damage on them that can't be called their fault.
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July 10, 2020
TD Ameritrade Faces Class Action Over Crude Oil Prices
Investors hit TD Ameritrade Inc. with a proposed class action in Illinois federal court on Thursday alleging that it failed to warn customers of a possibility of crude oil futures reaching a price of zero and liquidated their positions "in a commercially unconscionable manner."