United States Supreme Court
Chadbourne & Parke LLP v. Troice, 12-79
The Securities Litigation Uniform Standards Act of 1998 does not preclude the plaintiffs' state-law class actions, which allege that defendants helped Allen Stanford and his companies perpetrate a Ponzi scheme by falsely representing that uncovered securities (certificates of deposit in Stanford International Bank) that plaintiffs were purchasing were backed by covered securities.
Appellate Information
- Decided 02/26/2014
- Published 02/26/2014
Judges
- BREYER
Court
- United States Supreme Court