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GAVIN v. AT & T CORP.

No. 05-4398.

464 F.3d 634 (2006)

Lila T. GAVIN, on behalf of herself and of all persons similarly situated, Plaintiff-Appellant, v. AT & T CORP. and Georgeson Shareholder Communications, Inc., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided September 6, 2006.

As Amended September 11, 2006.

Attorney(s) appearing for the Case

Clinton A. Krislov (argued), Krislov & Associates, Chicago, IL, for Plaintiff-Appellant.

Rachel B. Niewoehner, Sidley Austin LLP, Chicago, IL, M. Norman Goldberger (argued), Jennifer E. Biderman, Wolf, Block, Schorr & Solis-Cohen, Philadelphia, PA, Steven A. Levy, Goldberg, Kohn, Bell, Black, Rosenbloom & Moritz, Chicago, IL, Eli R. Mattioli, Thelen Reid & Priest, New York City, for Defendants-Appellees.

Before FLAUM, Chief Judge, and POSNER and KANNE, Circuit Judges.

POSNER, Circuit Judge.

This appeal requires us to consider the meaning of "in connection with the purchase or sale of a covered security" in the Securities Litigation Uniform Standards Act of 1998 (SLUSA). The Act provides that a class action, though filed in state court under state law, may be removed to federal district court if the suit alleges "(1) an untrue statement or omission of a material fact in connection with the purchase or sale of a covered security...

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