United States Seventh Circuit

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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

  • Decided
  • Published 2019/01/24

Judges

  • Flaum

Court

  • United States Seventh Circuit

Counsel