OPINION
SANDRA DAY O'CONNOR, Associate Justice (Retired).
The Securities Litigation Uniform Standards Act of 1998 (SLUSA), Pub.L. No. 105-353, 112 Stat. 3227, "provides that private state-law `covered' class actions alleging untruth or manipulation in connection with the purchase or sale of a `covered' security may not `be maintained in any State or Federal court.'" Kircher v. Putnam Funds Trust,
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