Case Study: Atkinson V. Morgan Asset Managment

Law360, New York (September 27, 2011, 4:57 PM EDT) -- In a Sept. 8, 2011, opinion from the United States Court of Appeals for the Sixth Circuit, the Appellate Court provides a strict reading of the Securities Litigation Uniform Standards Act of 1998 ("SLUSA"), while at the same time providing pleading guidance to the attention of all practitioners. Atkinson v. Morgan Asset Mgmt. Inc., No. 09-6265, 2011 U.S. App. (6th Cir. Sep. 8, 2011).

Mutual fund shareholders brought a state law class action against various fund affiliates. The putative class plaintiffs held shares in three mutual funds...
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