News & Analysis as of

Negligent Misrepresentation SLUSA

A&O Shearman

Second Circuit Affirms Dismissal Of Putative Class Action As Precluded By SLUSA

A&O Shearman on

On August 17, 2018, the United States Court of Appeals for the Second Circuit affirmed the dismissal of a putative class action asserting breach of contract and tort claims against the managers, auditors, consultant, and...more

BakerHostetler

A Further Harbinger on the Application of SLUSA

BakerHostetler on

On March 30, 2015, the U.S. District Court for the Southern District of New York dismissed claims in a putative class action against New York-based hedge fund manager Philip A. Falcone (“Falcone”), his advisory firm Harbinger...more

Genova Burns LLC

Recent Supreme Court Decision Undermines SLUSA Security for Secondary Actors in Ponzi Schemes

Genova Burns LLC on

The Supreme Court’s February 26, 2014 decision in Chadbourne & Parke LLP v. Troice, et al., has eliminated a potential protection for secondary actors (such as investment advisors, law firms or insurance brokerages) that...more

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