Luther, et al. v. Countrywide Financial Corp., et al.

SIFMA submitted an Amicus “Friend of the Court” Brief.

Court:

California Supreme Court

Amicus Brief Issue:

Whether class action cases which raise pure 1933 Act claims (unaccompanied by state law claims) are removable under the Securities Litigation Uniform Standards Act (SLUSA), or whether state courts retain concurrent jurisdiction over such claims and they are non-removable.

Counsel of Record:

Willkie Farr & Gallagher LLP

Richard Bernstein

Other Amici on SIFMA’s Brief: 

U.S. Chamber of Commerce