United States Third Circuit

The Securities Litigation Uniform Standards Act (SLUSA) is no impediment to federal adjudication of either: 1) state law aiding-and-abetting-breach-of-fiduciary duty claims, which have passed from a corporation to its bankruptcy estate to a trust; or 2) claims against foreign entities under foreign law for aiding and abetting money laundering brought by trustees, as assignees of individual investors in the bankrupt enterprise.

Appellate Information

• Argued 12/13/2007
• Decided 03/11/2008
• Published 03/11/2008

Judges

• Before:  SLOVITER and AMBRO, Circuit Judges, and POLLAK, District Judge.

Court

• United States Third Circuit

Counsel

• For Appellant:
  
• Hal M. Hirsch, Esq., Greenberg Taurig, LLP, New York, NY, Gary R. Greenberg, Esq. (Argued), Louis J. Scerra, Jr., Esq., Peter M. Casey, Esq., Greenberg Taurig, LLP, Boston, MA, for Appellants Joseph P. LaSala and Fred S. Zeidman.


• For Appellees:
  
• Elliot Cohen, Esq. (Argued), Troutman Sanders, LLP, New York, NY, for Appellee Bordier et Cie., Paul J. Bschorr, Esq. (Argued), Lawrence J. Reina, Esq., Casey D. Laffey, Esq., Reed Smith, LLP, New York, NY, Anthony J. Laura, Esq., John J. Zefutie, Esq., Reed Smith, LLP, Princeton, NJ, Charles J. Becker, Reed Smith, LLP, Philadelphia, PA, for Appellee Dominick Company, A.G.