United States Seventh Circuit
Nielen-Thomas v. Concorde Investment Services LLC, 18-2875
Held that a state law fraud lawsuit against an investment adviser was precluded by the Securities Litigation Uniform Standards Act. The statute's definition of a "covered class action" includes any class action brought by a named plaintiff on a representative basis, regardless of the proposed class size. Affirmed a dismissal.
Appellate Information
- Published 2019/01/24
Judges
- Flaum
Court
- United States Seventh Circuit