Ninth Circuit Court of Appeals Holds Delaware Carve-out Exception to SLUSA Applies in Shareholder Suit against Financial Advisor | Practical Law

Ninth Circuit Court of Appeals Holds Delaware Carve-out Exception to SLUSA Applies in Shareholder Suit against Financial Advisor | Practical Law

An update on the Ninth Circuit Court of Appeals' holding that the Delaware carve-out exception to the Securities Litigation Uniform Standards Act of 1998 applied in a claim brought by shareholders of a company against the investment bank that rendered the fairness opinion.

Ninth Circuit Court of Appeals Holds Delaware Carve-out Exception to SLUSA Applies in Shareholder Suit against Financial Advisor

by PLC Corporate & Securities
Published on 02 Mar 2009 • Delaware, USA (National/Federal)
An update on the Ninth Circuit Court of Appeals' holding that the Delaware carve-out exception to the Securities Litigation Uniform Standards Act of 1998 applied in a claim brought by shareholders of a company against the investment bank that rendered the fairness opinion.