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JPMorgan, BofA Escape Securities Class Actions In 7th Circ.

By John Kennedy (January 23, 2017, 8:45 PM EST) -- The Seventh Circuit affirmed two separate decisions dismissing securities class actions for not complying with the Securities Litigation Uniform Standards Act, saying Monday that their claims were based on omissions that must proceed under federal law, not the state laws under which they were brought....

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