Investors: Review Of SLUSA ‘In Connection With’ Standard Ruling Unwarranted

(January 14, 2022, 10:31 AM EST) -- WASHINGTON, D.C. — U.S. Supreme Court review of a Ninth Circuit U.S. Court of Appeals panel’s ruling that the Securities Litigation Uniform Standards Act (SLUSA) does not bar investors’ state law fiduciary duty claims is not warranted because the panel correctly determined that the statute does not apply to investor claims and, thus, has not helped increase a split among the circuits as to SLUSA’s “in connection with” standard, the investors argue in a Dec. 15 opposition brief filed in the Supreme Court....