Litigation
Aug. 20, 2009
Back and Forth
In recent decisions involving the Securities Litigation Uniform Standards Act, federal district and appellate courts have not hesitated to remand actions back to state court, write Christopher H. McGrath and Kimberley A. Donohue.
FOCUS COLUMN
By Christopher H. McGrath and Kimberley A. Donohue Two recent attempts to expand the scope of the preclusion and removal provisions included in the Securities Litigation Uniform Standards Act, 15 U.S.C. Section 77p, have failed in 2009 - including a case of first impression from the 9th Circuit. The act was intended to benefit defendants by prohibiting the litigation of certain state law securities class action claims and mandating t...For only $95 a month (the price of 2 article purchases)
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