Madden v. Cowen & Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that similar provision in the Securities 8 Litigation Uniform Standards Act of 1998 is a “prerequisite” rather than an 9 “exception” to federal jurisdiction
• finding the common sense 6 meaning of “on behalf of,” according to Webster’s Third New International Dictionary, was “in 7 the interest of,” “as a representative of,” or “for the benefit of”
• explaining “in connection with the purchase or sale” of securities has the same broad construction under both SLUSA and Section 10(b) of the Securities Exchange Act of 1934, and “include[s] a stock-for-stock merger.”
• “SLUSA sought to achieve these goals by generally precluding ‘covered class actions’ alleging fraud or misrepresentation under state law in connection with ‘covered securities.’”
• explaining the pur- pose and impact of SLUSA
• discussing SLUSA’s removal and preclusion provi- sions

Source: CourtListener parenthetical corpus (CC0).