Stanley Rubenstein v. Linda L. Adamany
- 1:20-cv-02775
- U.S. District Court · Southern District of New York
- 1
In Stanley Rubenstein v. Linda L. Adamany, the court dismissed the amended complaint for failing to state a Section 14(a) claim.
Stanley Rubenstein’s derivative action on behalf of Jefferies Financial Group Inc. was dismissed, ending the case against Linda L. Adamany and the other named defendants.
What happened
Stanley Rubenstein v. Linda L. Adamany is a derivative lawsuit brought by Stanley Rubenstein on behalf of Jefferies Financial Group Inc. against Linda L. Adamany and the other named defendants. The judgment concerns Rubenstein’s amended complaint.
The court said the amended complaint failed to state a claim under Section 14(a). It also said that allowing another amendment would be futile.
The court granted the defendants’ motion to dismiss, and the case was closed. The judgment does not identify a presiding judge; the court entered the judgment on September 29, 2022.
The detailed version
- Stanley Rubenstein v. Linda L. Adamany · No. 1:20-cv-02775
- Sept. 29, 2022
Background
Stanley Rubenstein sued Linda L. Adamany and the other named defendants derivatively on behalf of Jefferies Financial Group Inc., identified in the caption as the nominal defendant. The judgment addresses Rubenstein’s amended complaint.
Ruling
The court stated that the amended complaint failed to state a claim under Section 14(a). A failure to state a claim means the pleading did not adequately allege a legally actionable claim under the provision at issue.
The court further concluded that amendment would be futile, meaning that another amendment would not cure the stated deficiency. For the reasons given in the court’s September 28, 2022 Opinion and Order, the court granted the motion to dismiss. The judgment states that the case was closed.
Disposition
The motion to dismiss was granted, and the case was closed. The judgment does not identify the presiding judge; it was entered by Ruby J. Krajick, Clerk of Court, on September 29, 2022.
Read the full 1-page opinion on CourtListener, the free public archive maintained by the Free Law Project.