January 9, 2006

SLUSA Again

When you're hot, you're hot. The Securities Litigation Uniform Standards Act of 1998 (SLUSA) will be the subject of a second U.S. Supreme Court argument this year following the granting of certiorari in the Kircher v. Putnam Funds Trust case. The question presented is whether a party may appeal a district court's decision to remand a case to state court pursuant to SLUSA. There is currently a circuit split between the Second and Ninth Circuits (not appealable) and the Seventh Circuit (appealable) on this issue. Scotusblog reports that the case will be heard in April. (The 10b-5 Daily's discussion of the underlying Seventh Circuit opinion can be found here.)

Posted by Lyle Roberts at January 9, 2006 11:48 PM | TrackBack
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