A multimillion-dollar racketeering case over alleged illegal “naked” short sales of stock is about to start moving forward in New Jersey state court almost three years after it was filed.
On March 9, U.S. Supreme Court Justice Samuel Alito denied a request to stay a decision by the U.S. Court of Appeals for the Third Circuit, which had remanded the suit back to Morris County Superior Court based on a lack of federal subject-matter jurisdiction.
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