SLUSA bars securities fraud class action.
Claim not within first Delaware carve-out, as complint alleged that plaintiffs were induced to hold the shares for too long, not buy them.
Dismissal with prejudice upheld - class shaving not kosher.
Richard Atkinson v. Morgan Asset Management, Inc.
Friday, September 09, 2011
Sixth Circuit -- Richard Atkinson v. Morgan Asset Management, Inc.
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Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.
Author's SSRN page here.