New Jersey Judge Grants Dismissal Of Long-Running Securities Suit With Prejudice

(April 13, 2018, 9:14 AM EDT) -- MORRISTOWN, N.J. — A New Jersey judge on April 2 dismissed a long-running securities class action that previously reached the U.S. Supreme Court for determination of whether securities class action plaintiffs were blocked from bringing lawsuits stating claims for state securities law violations in state court if they referenced violations of the Securities Exchange Act of 1934, granting the defendants’ motions to dismiss for lack of personal jurisdiction and for failure to state a claim for relief (Greg Manning, et al. v. Merrill Lynch, Pierce, Fenner & Smith Inc., et al., No. MRS-L-1173-12, N.J. Super., Morris Co., Law Div.)....

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