Legal Opinion
William Hampton v. Pacific Investment Management
Court of Appeals for the Ninth Circuit
Decided August 24, 2017No. 15-56841PublishedCited by 62 opinions
1Opinion of the Court
OPINION
KORMAN, District Judge:
As a matter of substantive law, a private party injured in the securities trade can generally seek relief under whatever laws — federal or state — provide a cause of action. Congress, however, has significantly narrowed the availability of class relief based on state-law securities claims. The Securities Litigation Uniform Standards Act (“SLUSA”), 112 Stat. 3227 (1998) (codified in relevant part at 15 U.S.C. §§ 77p(b)-(f), 78bb(f)), bars private class actions based on state law in cases where the plaintiff “alleg[es]” a material falsehood or omission connected to…
2Cases cited17 opinions
- Steel Co. v. Citizens for a Better EnvironmentSupreme Court of the United States · 1998
- Federated Department Stores, Inc. v. MoitieSupreme Court of the United States · 1981
- United States v. DalmSupreme Court of the United States · 1990
- Bob Jones University v. SimonSupreme Court of the United States · 1974
- Reed Elsevier, Inc. v. MuchnickSupreme Court of the United States · 2010
12 more not listed; retrieve them via the Exa API.
3Cited by62 opinions
- Ama Multimedia, LLC v. Marcin WanatCourt of Appeals for the Ninth Circuit · 2020
- Miller v. Metropolitan Life Insurance Co.Court of Appeals for the Second Circuit · 2020
- North Sound Capital LLC v. Merck & Co IncCourt of Appeals for the Third Circuit · 2019
- Lindie Banks v. Northern Trust Corp.Court of Appeals for the Ninth Circuit · 2019
- Francis Fleming, Jr. v. the Charles Schwab Corp.Court of Appeals for the Ninth Circuit · 2017
57 more not listed; retrieve them via the Exa API.