Legal Opinion
Xpedior Creditor Trust v. Credit Suisse First Boston (USA) Inc.
District Court, S.D. New York
Decided March 9, 2004No. 02 Civ.9149(SAS)PublishedCited by 61 opinions
1Opinion of the Court
OPINION AND ORDER
SCHEINDLIN, District Judge.
The Securities Litigation Uniform Standards Act of 1998 (“SLUSA”) 1 preempts certain class actions that allege misrepresentations, omissions, or other fraudulent schemes in connection with the purchase or sale of covered securities. Under SLU-SA, regardless of the words used by a plaintiff in framing her allegations and regardless of the labels she pastes on each cause of action, a court must determine whether fraud is a necessary component of the claim. Under this test, a complaint is preempted under SLUSA when it asserts (1) an explicit claim of…
2Cases cited28 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Swierkiewicz v. Sorema N. A.Supreme Court of the United States · 2002
- Caterpillar Inc. v. WilliamsSupreme Court of the United States · 1987
- Hishon v. King & SpaldingSupreme Court of the United States · 1984
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
23 more not listed; retrieve them via the Exa API.
3Cited by61 opinions
- EBC I, Inc. v. Goldman, Sachs & Co.New York Court of Appeals · 2005
- Anwar v. Fairfield Greenwich Ltd.District Court, S.D. New York · 2010
- Anderson v. Merrill Lynch Pierce Fenner & Smith, Inc.Court of Appeals for the Tenth Circuit · 2008
- Moses v. MartinDistrict Court, S.D. New York · 2004
- In Re Beacon Associates LitigationDistrict Court, S.D. New York · 2010
56 more not listed; retrieve them via the Exa API.