Can plaintiffs recover from Ponzi scheme in state court? 
Published: January 22, 2013
Tags: class actions, ponzi scheme, preemption, securities law, Securities Litigation Standards Act
Does the Securities Litigation Standards Act preempt state-law class actions claiming that the defendant engaged in a Ponzi scheme involving misrepresentations about transactions with securities covered by the federal act?
The U.S. Supreme Court has agreed to answer this question.
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