Investors' Claims Are Preempted Under Act, Illinois Federal Judge Rules

Investors' Claims Are Preempted Under Act, Illinois Federal Judge Rules

CHICAGO - Dismissal of a securities class action lawsuit is proper, a federal judge in Illinois ruled June 26, because the investors' claims are preempted by the Securities Litigation Uniform Standards Act (SLUSA) (Patricia Holtz, et al. v. J.P. Morgan Securities LLC, et al., No. 12-7080, N.D. Ill.).

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