By Anthony Antonelli, Kevin Broughel and Alex Ehmke ( August 10, 2018, 2:27 PM EDT) -- Over the past eight months, the Eighth and Ninth Circuits have — consistent with the Seventh Circuit — each held that the Securities Litigation Uniform Standards Act of 1998, or SLUSA, precluded state law claims based on a brokerage firm's alleged violation of its duty of best execution when routing customer trades.[1] Recently, the Second Circuit joined this line of rapidly growing authority with its decision in Rayner v. E-Trade Financial Corp., which unanimously affirmed the dismissal of a putative class action asserting state law best execution violations.[2]...
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.