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Court Dismisses Auction Rate Securities Federal Litigation

10.01.14

On September 30, Judge Paul G. Gardephe in the Southern District of New York granted Defendant J.P. Morgan Securities Inc.’s motion to dismiss federal and state law claims Plaintiff Cellular South asserted in connection with its investment in auction rate securities.  The case is one of a number of auction rate securities cases that Simpson Thacher has handled in federal court and other forums.

The Simpson Thacher team representing JPMorgan on this case included Jonathan K. Youngwood and Jonathan T. Menitove.