Summary
analyzing state securities claim under Rule 10b-5 standard and finding, on motion to dismiss, that reliance was not pleaded under AES Corp. , where investor was "a sophisticated plaintiff, with no longstanding business relationship with [defendant], and had at least minimal access to the relevant information"
Summary of this case from SLF Holdings v. Uniti Fiber HoldingsOpinion
CIVIL ACTION NO. 10-1093
11-08-2011
FULTON BANK, N.A., successor to FULTON FINANCIAL ADVISORS, N.A., Plaintiff v. UBS SECURITIES, LLC, et al., Defendants
ORDER
AND NOW, this 7th day of November, 2011, upon consideration of the Defendant's Motion to Dismiss (Doc. #17) and all responses and replies thereto, it is hereby ORDERED that the Defendant's motion is GRANTED.
BY THE COURT:
LAWRENCE F. STENGEL, J.