Focus (Forum & Focus)
Aug. 28, 2007
Swept Away
Focus Column - By Christopher H. McGrath and Oleg Cross - The growing use of "pre-emptive sweeps" has the potential to make life much more difficult for the plaintiffs' bar in securities litigation cases.
By Christopher H. McGrath and Oleg Cross
In United States Mortgage Inc. v. Saxton, 2007 DJDAR 10751 (9th Cir. July 13, 2007), the 9th U.S. Circuit Court of Appeals recently addressed the propriety of removal and dismissal under the Securities Litigation Uniform Standards Act of state court-initiated class actions alleging fraud in connection with a purchase or sale of securities under state law. Saxton ...
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