SLUSA Class Action Bar Does Not Prohibit Investor Claims, Panel Rules

Mealey's (March 12, 2021, 11:03 AM EST) -- SAN FRANCISCO — A Ninth Circuit U.S. Court of Appeals panel on March 4 reversed a federal district court’s ruling dismissing an investor class action alleging state law fiduciary duty claims against Edward D. Jones & Co. LP and others, finding that the Securities Litigation Uniform Standards Act (SLUSA) did not bar those claims....