The Aftermath Of Assured Guaranty V. JP Morgan

Law360, New York (February 22, 2012, 1:07 PM EST) -- At the end of 2011, the New York Court of Appeals handed down Assured Guaranty (UK) Ltd. v. J.P. Morgan Investment Management Inc., an important decision that could have a broad impact on securities litigation in New York state and federal courts.[1]

The case presented New York’s highest court with an opportunity to resolve a significant and unsettled issue in New York securities law — whether the Martin Act, New York’s securities statute, preempts private common-law tort claims arising from securities transactions. On Dec. 20, 2011,...
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