FORD v. TD AMERITRADE HOLDING CORP.

No. 18-3689.

995 F.3d 616 (2021)

Roderick FORD, Plaintiff-Appellee, v. TD AMERITRADE HOLDING CORPORATION; TD Ameritrade, Inc.; Frederic J. Tomczyk, Defendants-Appellants. Securities Industry and Financial Markets Association; Chamber of Commerce of the United States of America, Amici on Behalf of Appellants, Better Markets, Inc., Amicus on Behalf of Appellee.

United States Court of Appeals, Eighth Circuit.

Filed: April 23, 2021.


Attorney(s) appearing for the Case

Joseph J. DePalma , LITE & DEPALMA, Newark, NJ, Eduard Korsinsky , Nicholas I. Porritt , LEVI & KORSINSKY, New York, NY, Nancy A. Kulesa , Fairfield, CT, Christopher J. Kupka , FIELDS & KUPKA, New York, NY, Patrice D. Ott , Gregory Carl Scaglione , KOLEY & JESSEN, Omaha, NE, Sebastiano Tornatore , LEVI & KORSINSKY, Stamford, CT, for Plaintiff-Appellee.

Victoria H. Buter , Thomas Harlan Dahlk , KUTAK & ROCK, Omaha, NE, Robert N. Hochman , SIDLEY & AUSTIN, Chicago, IL, Eamon Paul Joyce , David S. Kanter , Alex J. Kaplan , Jonathan Warren Muenz , SIDLEY & AUSTIN, New York, NY, for Defendants-Appellants.

Michael Courtney Keats , Justin Joseph Santolli , FRIED & FRANK, New York, NY, Brian C. Stuart , FRIED & FRANK, Washington, DC, for Amicus on Behalf of Appellant Securities Industry and Financial Markets Association.

Janet Galeria , Steven P. Lehotsky , U.S. CHAMBER OF COMMERCE, Washington, DC, Adam G. Unikowsky , JENNER & BLOCK, Washington, DC, for Amicus on, Behalf of Appellant Chamber of Commerce of the United States of America.

Jason Grimes , Stephen W. Hall , Dennis M. Kelleher , BETTER MARKETS, Washington, DC, for Amicus on Behalf of Appellee Better Markets, Inc.

Before COLLOTON, GRUENDER, and GRASZ, Circuit Judges.


A customer of TD Ameritrade, Inc., sued the company and two other defendants for securities fraud in the District of New Jersey. He purported to sue on behalf of himself and all similarly-situated customers of TD Ameritrade. The district court in New Jersey later appointed Roderick Ford as lead plaintiff, and the court then...

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