Judge: SLUSA Preempts Removal Of Securities Class Action To Federal Court

(September 21, 2015, 11:28 AM EDT) -- SAN FRANCISCO — A federal judge in California on Aug. 31 granted a motion to remand filed by a shareholder in a securities class action lawsuit, ruling that a drug maker and others have failed to establish that removal to federal court was proper pursuant to the Securities Litigation Uniform Standards Act (SLUSA) (City of Warren Police and Fire Retirement System v. Revance Therapeutics Inc., et al., No. 15-2512, N.D. Calif.; 2015 U.S. Dist. LEXIS 115740).

(Order available. Document #57-150921-045R.)

Shareholder City of Warren Police and...
To view the full article, register now.