Published on July 31, 2013 | by LawNews
Prof. Ronald Colombo Joins Amicus Brief in Chadbourne & Park LLP v. Samuel Troice
Ronald J. Colombo, associate dean for academic affairs and professor of law, joined 15 other securities law professor in an amicus brief in Chadbourne & Park LLP v. Samuel Troice, Nos. 12-79, 12-86 and 12-88 (U.S. 2013), on cert. before the U.S. Supreme Court.
Professor Colombo and the Amici argue that SLUSA (the Securities Litigation Uniform Standards Act) does not preclude a state-law class action alleging a fraudulent scheme that involves misrepresentations about transactions in SLUSA-covered securities when the fraudulent scheme itself does not involve a purchase or sale of a covered security.