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Justices Say Federal Securities Laws Don't Limit State Suits

By Carmen Germaine ( May 16, 2016, 10:11 AM EDT) -- The U.S. Supreme Court unanimously ruled Monday that federal securities laws don't preempt certain claims from being brought in state court, in a decision that allows a shareholder suit against a Merrill Lynch unit and other Wall Street firms to proceed in New Jersey state court on claims they engaged in a manipulative short-selling campaign against them....

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