Wednesday, January 14, 2009

7th Circuit Makes It Harder for Plaintiffs to Keep Securities Class Actions in State Court

The folks at Law.com have reported a new decision of the Seventh Circuit that holds that the grant of federal jurisdiction in CAFA trumps the anti-removal provisions of the Securities Act of 1933.  Read their report on the case, or the case itself.

--Counseller/jtf

http://lawprofessors.typepad.com/civpro/2009/01/7th-circuit-mak.html

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