Securities Suit Must Be Tried In Washington Federal Court, Judge Rules

Mealey's (July 14, 2016, 12:36 PM EDT) -- SALT LAKE CITY — A federal judge in Utah on July 11 denied motions to dismiss a securities lawsuit filed by Chinese investors against parties to an escrow agreement but ruled that the transfer of the action to Washington federal court was necessary under the terms of a forum-selection clause in the escrow agreement (Chi Chen, et al. v. U.S. Bank National Association, et al., Nos. 15-850 and 15-851, D. Utah; 2016 U.S. Dist. LEXIS 89764).

(Opinion available. Document #57-160718-042Z.)

A group of Chinese investors filed...
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