United States Ninth Circuit

In a suit against an investment bank alleging that the bank misled plaintiffs regarding the sale of their closely held corporation to a publicly traded company, denial of a motion to remand to state court and dismissal are reversed and remanded with instructions to remand to state court where the suit falls within the Securities Litigation Uniform Standards Act's savings clause, which preserves certain state-law actions.

Appellate Information

• Argued 11/21/2008
• Decided 02/11/2009
• Published 02/11/2009

Judges

• Before PROCTER HUG, JR., JOHN T. NOONAN, and SANDRA S. IKUTA, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• Philip Borowsky and Christopher James Hayes, Borowsky & Hayes LLP, San Francisco, CA, for the plaintiffs-appellants.


• For Appellees:
  
• Linda Goldstein, New York, NY, for the defendants-appellees.