No. A163264.

91 Cal.App.5th 849 (2023)

STATE OF CALIFORNIA ex rel. EDELWEISS FUND, LLC, et al., Plaintiffs and Appellants, v. JPMORGAN CHASE & COMPANY et al., Defendants and Respondents.

Court of Appeals of California, First District, Division Four.

May 30, 2023.

Attorney(s) appearing for the Case

STEYER LOWENTHAL BOODROOKAS ALVAREZ & SMITH, Allan Steyer , Jill M. Manning , Jill K. Cohoe THE LAWRENCE LAW FIRM, Jeffrey W. Lawrence , SCHNEIDER WALLACE COTTRELL KONECKY, Todd M. Schneider , Jason H. Kim , Matthew S. Weiler , James A. Bloom , CONSTANTINE CANNON, Ari Yampolsky , Counsel for Plaintiffs and Appellants.

JONES DAY, Michael P. Conway , Matthew J. Silveira , Margaret Adema Maloy , Counsel for Defendant and Respondent Wells Fargo Bank, N.A.

GREENBERG TRAURIG, William J. Goines , Counsel for Defendant and Respondent JPMorgan Chase Bank, N.A. and J.P. Morgan Securities LLC.

WILLIAMS CUTLER PICKERING HALE AND DORR, Matthew Benedetto Counsel for Defendant and Respondent Bank of America Corporation, Bank of America N.A., and Merrill Lynch, Pierce, Fenner & Smith Inc.

KEESAL, YOUNG & LOGAN, Peter R. Boutin , Christopher A. Stecher , Counsel for Defendants and Respondents Citigroup Global Markets Inc., Citibank N.A., Citigroup Financial Products Holdings Inc., and RBC Capital Markets, LLC.

SIDLEY AUSTIN, Matthew J. Dolan , Counsel for Defendants and Respondents Morgan Stanley & Co. LLC, Morgan Stanley Bank, N.A., Morgan Stanley Capital Services Inc., and Morgan Stanley Capital Group Inc.

KEESAL, YOUNG & LOGAN, Ben Suter , Counsel for Defendant and Respondent Piper Jaffray & Co., and Piper Jaffray Financial Products Inc.

SKADDEN, ARPS, SLATE, MEAGHER & FLOM, Jack P. DiCanio , Kasonni M. Scales , Counsel for Defendants and Respondents Barclays Capital Inc. and Barclays Bank PLC.

KING & SPALDING, Ethan P. Davis , Matthew V.H. Noller , Counsel for Chamber of Commerce of the United States of America, California Chamber of Commerce, and American Bankers Association as Amici Curiae on behalf of Respondents.

[Modification of opinion (90 Cal.App.5th 1119; ___ Cal.Rptr.3d ___), upon denial of rehearing.]

THE COURT.—IT IS ORDERED that the opinion filed herein on April 27, 2023, be modified as follows.

1. On page 22 [90 Cal.App.5th 1139, advance report, fn. 12, last line], add the following sentence to the end of footnote 12:

We also emphasize that, because the definition refers to the "most common week-over-week rate change...

Let's get started

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases