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PROFESSIONAL MANAGEMENT ASSOCIATES v. KPMG LLP

No. 02-3744.

335 F.3d 800 (2003)

PROFESSIONAL MANAGEMENT ASSOCIATES, INC. EMPLOYEES' PROFIT SHARING PLAN, on behalf of itself and all others similarly situated, Appellant, v. KPMG LLP, Appellee.

United States Court of Appeals, Eighth Circuit.

Filed: July 14, 2003.

Attorney(s) appearing for the Case

Gregg M. Fishbein, argued, Minneapolis, MN (Richard A. Lockridge, Minneapolis, MN, Vernon J. Vander Weide, Thomas V. Seifert, Minneapolis, MN on the brief), for appellant.

Thomas B. Hatch, argued, Minneapolis, MN (Elliot S. Kaplan, Randall Tietjen, and Douglas R. Boettge, Minneapolis, MN, on the brief), for appellee.

Before LOKEN, Chief Judge, FAGG and MURPHY, Circuit Judges.

FAGG, Circuit Judge.

The Securities Litigation Uniform Standards Act of 1998 (SLUSA), 15 U.S.C. §§ 77p(b)-(c), 78bb(f)(1)-(2) (2000), provides for removal to federal court and immediate dismissal of certain class actions based on state law alleging an untrue statement or omission of a material fact made in connection with the purchase or sale of a covered security. See Dudek v. Prudential Sec., Inc., 295 F.3d 875...

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