High Court Won’t Review Class Certification Ruling In Securities Fraud Suit

Mealey's (May 3, 2022, 2:10 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on May 2 declined review of an Eighth Circuit U.S. Court of Appeals’ ruling overturning a federal district court’s denial of motions to strike class allegations and to compel arbitration in a securities fraud lawsuit against an investment adviser, Ameriprise Financial Services Inc. and four other Ameriprise’s senior executives....