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Securities Litigation Uniform Standards Act information


The Securities Litigation Uniform Standards Act of 1998 (SLUSA), Pub. L.Tooltip Public Law (United States) 105–353 (text) (PDF), 112 Stat. 3227, is a federal legislative act in the United States regarding private class action lawsuits for securities fraud. SLUSA amended portions of the Securities Act of 1933 and the Securities Exchange Act of 1934 to preempt certain class actions that alleged fraud under state law "in connection with the purchase or sale" of securities. Such lawsuits cannot be filed in state or federal court.

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Securities Litigation Uniform Standards Act

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The Securities Litigation Uniform Standards Act of 1998 (SLUSA), Pub. L.Tooltip Public Law (United States) 105–353 (text) (PDF), 112 Stat. 3227, is a...

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Private Securities Litigation Reform Act

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The Securities Litigation Uniform Standards Act has amended that provision to allow a federal court to impose the discovery stay on related securities suits...

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Blue sky law

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jurisdiction. In 1998, state law securities fraud claims were expressly preempted by the Securities Litigation Uniform Standards Act from being raised in lawsuits...

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United States securities regulation

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increase in securities class actions. The Private Securities Litigation Reform Act and the state model law Securities Litigation Uniform Standards Act was a...

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Uniform Securities Act

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The Uniform Securities Act (USA) is a model statute designed to guide each state in drafting its state securities law. It was created by the National...

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Sonia Sotomayor

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(2005), Sotomayor wrote a unanimous opinion that the Securities Litigation Uniform Standards Act of 1998 did not preempt class action claims in state...

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United States corporate law

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minimum standards for trade in company shares and governance rights, found mostly in the Securities Act of 1933 and the Securities and Exchange Act of 1934...

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Uniform Commercial Code

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Personal Property Securities Act 1999 and the Australian Personal Property Securities Act of 2009. UCC-1 financing statement Uniform Commercial Code adoption...

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Model Business Corporation Act

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resistance to the concept of a uniform corporation law, the Uniform Business Corporation Act was withdrawn as a "uniform" act in 1943 and renamed “A Model...

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105th United States Congress

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Act and Online Copyright Infringement Liability Limitation Act) October 31, 1998: Iraq Liberation Act November 3, 1998: Securities Litigation Uniform...

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Class action

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Fairness Act contains carve-outs for, among other things, shareholder class actions covered by the Private Securities Litigation Reform Act of 1995 and...

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In terrorem

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The Private Securities Litigation Reform Act of 1995 created a heightened pleading standard for cases involving violations of securities regulation in...

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2013 term United States Supreme Court opinions of Stephen Breyer

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Litigation Uniform Standards Act of 1998  • preclusion of state-law class actions  • connection between misrepresentation and sale of security Roberts,...

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2013 term United States Supreme Court opinions of Clarence Thomas

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Chadbourne & Parke LLP v. Troice 571 U.S. ___ (2014) Securities Litigation Uniform Standards Act of 1998  • preclusion of state-law class actions  • connection...

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2017 term United States Supreme Court opinions of Elena Kagan

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Employees Retirement Fund 583 U.S. ___ (2018) Securities Litigation Uniform Standards Act of 1998  • Securities Act of 1933  • state jurisdiction over covered...

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2013 term United States Supreme Court opinions of Anthony Kennedy

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Chadbourne & Parke LLP v. Troice 571 U.S. ___ (2014) Securities Litigation Uniform Standards Act of 1998  • preclusion of state-law class actions  • connection...

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Arbitration in the United States

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defined by contract. Securities arbitrations are held primarily by the Financial Industry Regulatory Authority. The securities industry uses pre-dispute...

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Scienter

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in a securities fraud claim under Section 10(b) of the Securities Exchange Act of 1934, a plaintiff must allege and prove that the defendant acted with...

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Clean Water Act

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development of Uniform National Discharge Standards ("UNDS") for military vessels. EPA and the Department of Defense published standards in 2017 and 2020...

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Promissory note

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Electronic Signatures in Global and National Commerce Act in 2000 and the Uniform Electronic Transactions Act (UETA).: 2  An eNote must meet all the requirements...

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Strategic lawsuit against public participation

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participation (also known as SLAPP suits or intimidation lawsuits), or strategic litigation against public participation, are lawsuits intended to censor, intimidate...

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Indian Police Service

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including a Model Police Act, between 1979 and 1981. In 1996, two former senior police officers filed a Public interest litigation (PIL) in the Supreme Court...

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List of acts of the 105th United States Congress

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June 9, 1997: Vetoed H.R. 1469, Supplemental Appropriations and Recissions Act, FY 1997. No override attempt made. October 10, 1997: Vetoed H.R. 1122, the...

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