Mealey's Litigation Procedure - High Court: SLUSA Does Not Preclude State Law Claims In Securities Suit

WASHINGTON, D.C. - The U.S. Supreme Court on Feb. 26 ruled that the Securities Litigation Uniform Standards Act of 1998 (SLUSA) does not preclude Latin American investors in Stanford Investment Bank (SIB) from bringing state law claims against SIB and SIB's insurance brokers and lawyers (Chadbourne & Parke LLP v. Samuel Troice, et al., No. 12-79, Willis of Colorado Inc. v. Samuel Troice, et al., No. 12-86, Proskauer Rose LLP v. Samuel Troice, et al., No. 12-88, U.S. Sup.).

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