United States Seventh Circuit

District court properly dismissed complaint for lack diversity jurisdiction on grounds the citizenship of trust fund members is determinative of the existence of diversity of citizenship. Furthermore, the Securities Litigation Uniform Standards Act of 1998, 15 U.S.C. - 78bb ("SLUSA") covers a claim that sweeps within its ambit actual purchases or sales of stock, and is constitutional because it regulates both "channels" of interstate commerce and "things" in interstate commerce.

Appellate Information

• Decided 06/07/2002
• Published 06/07/2002

Judges

Court

• United States Seventh Circuit

Counsel