On Feb. 26, the U.S. Supreme Court decidedChadbourne & Parke v. Troice, 134 S. Ct. 1058 (2014), holding by a 7-2 vote that the Securities Litigation Uniform Standards
Supreme Court's <i>Troice</i> Has Important Risk Management Implications
On Feb. 26, the U.S. Supreme Court decided <I>Chadbourne & 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.
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