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Marshall H. Fishman, a partner at Kramer Levin Naftalis & Frankel, and Gabrielle Gould, an associate at the firm, analyze Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Dabit, in which the Supreme Court resolved a split among the circuits ruling that the Securities Litigation Uniform Standards Act of 1998 preempts certain class actions based upon state law that are brought by investors who allege that they were induced to hold (and not purchase or sell) securities.
April 03, 2006 at 12:00 AM
1 minute read
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