Forum
U.S. Supreme Court
Case Status
Decided
Docket Number
Term
Cert. Denied
Lower Court Opinion
Questions Presented
Whether the Ninth Circuit, in conflict with other Courts of Appeals, erred in concluding that Troice narrowed Dabit’s interpretation of SLUSA’s “in connection with” prong to require that the alleged deception induce a specific transaction in a particular covered security.
Case Updates
Cert. petition denied
January 18, 2022
U.S. Chamber files coalition amicus brief
November 15, 2021
Click here to view the coalition brief filed by the U.S. Chamber, the Securities Industry and Financial Markets Association, and the Financial Services Institute. The brief urges the U.S. Supreme Court to grant cert. and reverse the Ninth Circuit by clarifying that the “in connection with” language in the Securities Litigation Uniform Standards Act must be read broadly to effect the statute’s text and purpose. The brief argues that SLUSA restricts the kinds of class actions that can be brought based on state law claims regarding securities.
Joseph R. Palmore, Adam L. Sorensen, Jordan Eth, and Mark R.S. Foster of Morrison & Foerster LLP and the U.S. Chamber’s Litigation Center served as co-counsel for the U.S. Chamber.