{
  "id": "RS22311",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "RS22311",
  "active": false,
  "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 313592,
      "date": "2006-03-23",
      "retrieved": "2016-04-07T19:07:52.191029",
      "title": "State Securities Class Action Suits: Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Dabit",
      "summary": "The Second Circuit held that in certain instances the federal Securities Litigation Uniform\nStandards\nAct of 1998 (SLUSA) does not preempt securities state class action suits. Four months after the\nSecond Circuit decision, the Seventh Circuit took a very different approach to the issue. On March\n21, 2006, the Supreme Court unanimously (Justice Alito took no part in consideration of the case.)\nvacated the judgment of the Second Circuit and held that the background, text, and purpose of\nSLUSA's pre-emption provision indicate that SLUSA pre-empts state law holder class action claims\nof the type that Dabit alleges. This report will not be further updated.",
      "type": "CRS Report",
      "typeId": "REPORTS",
      "active": false,
      "formats": [
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          "encoding": "utf-8",
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        },
        {
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          "url": "http://www.crs.gov/Reports/pdf/RS22311",
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          "images": null
        }
      ],
      "topics": []
    },
    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metacrs7958/",
      "id": "RS22311 2005-11-01",
      "date": "2005-11-01",
      "retrieved": "2005-12-21T17:06:22",
      "title": "State Securities Class Action Suits: Merrill Lynch, Pierce, Fenner",
      "summary": null,
      "type": "CRS Report",
      "typeId": "REPORT",
      "active": false,
      "formats": [
        {
          "format": "PDF",
          "filename": "files/20051101_RS22311_94dc3e56bb4299f4b38a5de405a9d8534c3a573d.pdf"
        },
        {
          "format": "HTML",
          "filename": "files/20051101_RS22311_94dc3e56bb4299f4b38a5de405a9d8534c3a573d.html"
        }
      ],
      "topics": [
        {
          "source": "LIV",
          "id": "Consumers",
          "name": "Consumers"
        },
        {
          "source": "LIV",
          "id": "Securities industry",
          "name": "Securities industry"
        },
        {
          "source": "LIV",
          "id": "Class actions (Civil procedure)",
          "name": "Class actions (Civil procedure)"
        },
        {
          "source": "LIV",
          "id": "Finance",
          "name": "Finance"
        },
        {
          "source": "LIV",
          "id": "Law",
          "name": "Law"
        }
      ]
    }
  ],
  "topics": []
}