United States Eighth Circuit

Securities Exchange Act does not create a private right of action against the defendants for violating their own rules and dismissing the arbitrations; district court properly denied plaintiff's late decision to recast its suit as one for breach of contract; allowing the amendment would be futile in any event, as there is no private right of action for breach of contract.

Appellate Information

• Decided 04/14/2004
• Published 04/14/2004

Judges

• RILEY, Circuit Judge., Before RILEY, LAY, and HEANEY, Circuit Judges.

Court

• United States Eighth Circuit

Counsel

• For Appellant:
  
• John S. Jagiela, argued, Minneapolis, MN, for appellant.


• For Appellees:
  
• Terri L. Reicher, argued, Washington, D.C. (John M. Baker and Nancy E. Brasel, Minneapolis, MN, on the brief), for appellee.