TITLE

High Court Limits Investor Class Actions

PUB. DATE
March 2006
SOURCE
American Banker;3/22/2006, Vol. 171 Issue 55, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the U.S. Supreme Court put new limits on securities suits by ruling in a Merrill Lynch & Co. case that a federal law bars large class actions by investors who say they were duped into holding on to stocks and bonds. The 8-to-0 ruling cited the Securities Litigation Uniform Standards Act of 1998.
ACCESSION #
20225956

 

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