California Court of Appeal

In an action brought by beneficiaries of personal trusts maintained by petitioner-bank alleging various violations of California law in relation to its management of trusts, a petition for writ of mandate challenging an order overruling defendant's demurrer is granted where the Securities Litigation Uniform Standards Act (SLUSA) precludes plaintiffs' class action complaint.

Appellate Information

• Decided 01/25/2008
• Published 01/27/2008

Judges

• SWAGER, J.

Court

• California Court of Appeal

Counsel

• For Appellant:
  
• Reed Smith, James C. Martin, Esq., Joseph P. Mascovich, Esq., Wells Fargo Bank, Thomas O. Jacob, Esq., Heller Ehrman, Barry S. Levin, Esq., Dale A. Rice, Esq., Michael E. Liftik, Esq., San Francisco, for Petitioner., Covington & Burling, Sonya D. Winner, Esq., Richard A. Jones, Esq., San Francisco, Linda C. Goldstein, Esq., Amada J. Gourdine, Esq., Gregory F. Taylor, Esq., Los Angeles, Phoebe A. Papageorgiou, Esq., for American Bankers Association., Leland Chan, Esq., San Francisco, for California Bankers Association., Murray & Howard, Gilmur R. Murray, Esq., Derek G. Howard, Esq., Scott J. Yundt, Esq., Oakland, Cotchett, Pitre, Simon & McCarthy, Cotchett, Pitre & McCarthy, Niall P. McCarthy, Esq., Laura E. Schlichtmann, Esq., Burlingame, Law Offices of Daniel U. Smith, Daniel U. Smith, Esq., Kentfield, for Real Parties in Interest.


• For Appellees:
  
• No appearance for Respondent.