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9th Circ. Limits SLUSA Scope In Siliconix Action

By Christine Caulfield ( October 12, 2009, 2:30 PM EDT) -- Reviving an action by minority shareholders of Siliconix Inc. against the semiconductor maker's majority stakeholder, the U.S. Court of Appeals for the Ninth Circuit has ruled that the Securities Litigation Uniform Standards Act does not require the dismissal of an entire case when the suit includes some claims preempted by SLUSA and some that are not....

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