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Supreme Court's <i>Troice</i> Has Important Risk Management Implications

On Feb. 26, the U.S. Supreme Court decided <I>Chadbourne &amp; Parke v.Troice</I>, holding that SLUSA does not preclude state law class actions where the plaintiffs allege that they purchased uncovered securities that the defendants said were backed by securities listed on a national exchange ' a misrepresentation.

37 minute read September 01, 2014 at 01:49 PM
By
Thao Do And James Walker
Supreme Court's <i>Troice</i> Has Important Risk Management Implications

On Feb. 26, the U.S. Supreme Court decided Chadbourne & Parke v. Troice

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