FLAUM, Chief Judge.
Barbara Erb brought a class action in state court against Alliance Capital Management, L.P. ("Alliance"), a mutual fund manager, asserting that Alliance had breached a contract with her and other investors in one of Alliance's funds by buying poorly rated securities. Alliance removed the suit to federal court under the Securities Litigation Uniform Standards Act of 1998, Pub.L. No. 105-353, 112 Stat. 3227 ("SLUSA"). SLUSA preempts certain class...
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