Court of Appeals Holds TCPA Applies to Marketing and Sale of Securities.
The Court of Appeals entered a significant opinion yesterday affecting the scope of Tennessee Consumer Protection Act claims. For more than 15 years, federal and state courts in
The Court agreed with the Appellants that, for the last 15 years, the law on this issue has been "spinning off in the wrong direction." After a well reasoned analysis of current statutory and case law, the Court held that the TCPA does in fact cover the marketing and sale of securities. Accordingly, the trial court's dismissal of the Plaintiff's TCPA claims was reversed.
The case is Johnson, et al. v. John Hancock Funds, et al. Read the opinion here.