SIFMA Submits an Amicus Brief on SLUSA

SIFMA's amicus brief addresses:

(1) whether the Securities Litigation Uniform Standards Act ("SLUSA") precludes a state-law class action alleging a scheme of fraud that involves misrepresentations about transactions in SLUSA-covered securities; and

(2) whether SLUSA precludes class actions asserting that defendants aided and abetted SLUSA-covered securities fraud when the defendants themselves did not make misrepresentations about the purchase or sale of SLUSA-covered securities.

Click hereto view brief in full (links externally to SIFMA website).