High Court Will Not Hear Mortgage-Backed Securities Ruling Appeal

WASHINGTON, D.C. - The U.S. Supreme Court on Dec. 5 denied review of a California state appellate court's ruling that a shareholder is not preempted from bringing his federal securities law claims under the Securities Act of 1933 against Countrywide Financial Corp. and others in state court (Countrywide Financial Corp., et al. v. David H. Luther, et al., No. 11-572, U.S. Sup.). View today's headlines and listen to the latest podcast at www.lexisnexis.com/legalnews Do you have news to share? Interested in writing a commentary article? Email the Mealey News Desk at Mealeys@LexisNexis.com Full story on lexis.com