October 19, 2005

More on Dabit

The official question presented in the Dabit case before the U.S. Supreme Court is:

"Whether, as the Seventh Circuit held earlier this month and in direct conflict with the decision below, SLUSA preempts state law class action claims based upon allegedly fraudulent statements or omissions brought solely on behalf of persons who were induced thereby to hold or retain (and not purchase or sell) securities?"

For more on the decision below, see this post.

Posted by Lyle Roberts at October 19, 2005 6:18 PM | TrackBack
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