Securities Transactions • SLUSA Preemption • “In Connection With” Requirement
Taksir v. Vanguard Group, Inc., PICS Case No. 17-0894 (E.D. Pa. May 26, 2017) Rufe, J. (14 pages).
Plaintiffs’ claims against the defendant investment company were not preempted by the Securities Litigation Uniform Standards Act of 1998 since they did not assert that defendants’ alleged misrepresentations regarding brokerage commissions made a significant difference to their decision to purchase securities. The court denied defendant’s motion to dismiss in part.
