David Rainero v. Archon Corporation
Court of Appeals for the Ninth Circuit
1Opinion of the Court
OPINION
THOMAS, Chief Judge:
This appeal presents the question, inter alia, of whether the Securities Litigation Uniform Standards Act, 112 Stat. 3227, provides an independent basis for federal question jurisdiction under 28 U.S.C. § 1331. We cpnclude that it does not, and affirm thé district court’s dismissal of this class "action suit for lack of subject matter jurisdiction.
I
On August 20, 1993, Archon Corporation (“Archon”), a Nevada corporation with its principal place of business in Las Vegas, created a class of equity securities designated as Exchangeable Redeemable Preferred Stock…
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