Judge Rules That Securities Claims Are Precluded Under Law

NEW YORK - Dismissal of a securities class action lawsuit is proper because the claims made in the action are precluded by the Securities Litigation Uniform Standards Act (SLUSA), a federal judge in New York ruled June 24 (Stanley Tolin, et al. v. Standard & Poor's Financial Services LLC, et al., No. 12-8842, S.D. N.Y.; 2013 U.S. Dist. LEXIS 88433).

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