WilmerHale discusses Supreme Court Decision Analyzing Whether Misrepresentation is “in Connection with” Purchase or Sale of a Covered Security
On February 26, 2014, in Chadbourne & Parke LLP v. Troice et al.,1 the Supreme Court narrowed the definition of “in connection with” as that term is used in the Securities Litigation Uniform Standards Act of 1998 (SLUSA). …