Merrill Lynch v. Dabit – 11/2005
Published on:
November 14, 2005
SIFMA has submitted an Amicus “Friend of the Court” Brief.
Court:
U.S. Supreme Court
Amicus Issue:
Whether the preemption provision of the Securities Litigation Uniform Standards Act (SLUSA), which bars class actions based upon state law that allege “a misrepresentation or omission of a material fact in connection with the purchase or sale of a covered security,” applies to securities class actions by persons who allege they held securities in reliance upon a misrepresentation or omission about a covered security.
Counsel of Record:
Sidley Austin Brown & Wood LLP
1501 K Street, NW
Washington DC 20005
Carter G. Phillips
Richard D. Bernstein
April E. Fearnley