Criterium Capital Funds B.V. v. Tremont (Bermuda) Ltd.
Court of Appeals for the Second Circuit
1Opinion of the Court
LEVAL, Circuit Judge:
In this appeal, we confront a number of textual ambiguities as to the scope of the Securities Litigation Uniform Standards Act of 1998 (“SLUSA”), Pub.L. No. 105-353, § 101, 112 Stat. 3227 (1998), which bars the maintenance of certain state-law-based class actions alleging falsity1 in connection with transactions in categories of securities that the Act identifies as “covered securities.” Plaintiffs appeal from the judgment of the United States District. Court for the Southern District of New York (Batts, /.), which dismissed their state-law class action claims as…
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