Dumontet v. UBS Financial Services, Inc.
- Gregory Woods
- 1:21-cv-10361
- U.S. District Court · Southern District of New York
- 1
In Dumontet v. UBS, Judge Woods entered judgment for defendants after dismissing plaintiff’s claims without prejudice and closing the case.
Christian Dumontet, the defendants, and any people included in the proposed similarly situated group; the claims were dismissed without prejudice and the case was closed.
What happened
Christian Dumontet brought claims individually and on behalf of people he said were similarly situated against UBS Financial Services, Inc. and other defendants.
The judgment states that the claims were dismissed without prejudice, meaning the dismissal did not bar refiling the claims in a new, non-covered action. It does not provide the reasons from the court’s April 24, 2024 order.
Judge Gregory Woods’s court entered judgment for the defendants and closed the case. The judgment was dated April 24, 2024.
The detailed version
- Dumontet v. UBS Financial Services, Inc. · No. 1:21-cv-10361
- Gregory Woods
- Apr. 24, 2024
Background
Christian Dumontet sued UBS Financial Services, Inc. and other defendants individually and on behalf of all people similarly situated. The provided document is a judgment, not the April 24, 2024 order explaining the court’s reasons.
Ruling
The court ordered, adjudged, and decreed that Dumontet’s claims were dismissed without prejudice. This means the judgment did not permanently bar a new action asserting the same claims if the requirements for such an action were met. The judgment cited a Second Circuit decision stating that a dismissal under the Securities Litigation Uniform Standards Act would not be with prejudice and would not bar a new, non-covered action involving the same claims and defendants.
The court entered judgment for the defendants and closed the case. The document is dated April 24, 2024, and was entered by the clerk of court.
Read the full 1-page opinion on CourtListener, the free public archive maintained by the Free Law Project.