Civil Litigation
Jun. 18, 2021
Class action over online oil trading outage dismissed
U.S. Magistrate Judge Jacqueline Scott Corley in San Francisco found that E*Trade never promised users access to trading services at all times.
A federal jurist on Thursday dismissed a potential class action against brokerage E*Trade Securities over an outage on its online platform that led to massive losses for users when the oil market crashed.
U.S. Magistrate Judge Jacqueline Scott Corley in San Francisco found that E*Trade never promised users access to trading services at all times. The only question, she said, is whether she will allow lawyers representing traders ano...
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