ATKINSON v. MORGAN ASSET MANAGEMENT, INC.

No. 09-6265.

658 F.3d 549 (2011)

Richard A. ATKINSON, MD, et al., Plaintiffs-Appellants, v. MORGAN ASSET MANAGEMENT, INC., et al., Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided and Filed: September 8, 2011.


Attorney(s) appearing for the Case

ARGUED: Vernon Jay Vander Weide , Head, Seifert & Vander Weide, P.A., Minneapolis, Minnesota, for Appellants. David Bruce Tulchin , Sullivan & Cromwell LLP, New York, New York, Matthew M. Curley , Bass, Berry & Sims, PLC, Nashville, Tennessee, Timothy A. Duffy , Kirkland & Ellis LLP, Chicago, Illinois, for Appellees. ON BRIEF: Vernon Jay Vander Weide , Head, Seifert & Vander Weide, P.A., Minneapolis, Minnesota, Jerome A. Broadhurst , Charles D. Reaves , Apperson Crump, Memphis, Tennessee, Richard A. Lockridge , Gregg M. Fishbein , Matthew R. Salzwedel , Lockridge Grindal Nauen P.L.L.P., Minneapolis, Minnesota, for Appellants. David Bruce Tulchin , David E. Swarts , Sullivan & Cromwell LLP, New York, New York, Matthew M. Curley , Michael L. Dagley , Wade Brantley Phillips, Jr. , Shayne R. Clinton , Bass, Berry & Sims, PLC, Nashville, Tennessee, Jeffrey B. Maletta , David T. Case , Nicholas G. Terris , Nicole A. Baker , K & L Gates, LLP, Washington, D.C., Timothy A. Duffy , Kristopher Scott Ritter , Kirkland & Ellis LLP, Chicago, Illinois, for Appellees.

Before: BOGGS and COOK, Circuit Judges; CARR, District Judge.


OPINION

COOK, Circuit Judge.

Mutual-fund shareholders brought a state-law class action against various fund affiliates. The district court held that the Securities Litigation Uniform Standards Act of 1998 (SLUSA), Pub. L. No. 105-353, 112 Stat. 3227, bars Plaintiffs' claims, and so do we.

I.

Plaintiffs held shares in three mutual funds issued by Morgan Keegan Select Fund, Inc., an open-end investment company. See 15 U.S.C. §...

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