ROMANO v. KAZACOS

Docket Nos. 08-6187-cv, 08-6190-cv.

609 F.3d 512 (2010)

John D. ROMANO, Stanley J. Morrill, Richard V. Patrick, Plaintiffs-Appellants, v. Michael J. KAZACOS, Morgan Stanley & Co., Incorporated, Defendants-Appellees. William D. Lawton, Gerald G. Miller, Jr., Plaintiffs-Appellants, v. David Isabella, Morgan Stanley & Co., Incorporated, Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided: June 29, 2010.


Attorney(s) appearing for the Case

Robert J. Pearl, Pearl Malarney Smith, P.C., Pittsford, NY, for Plaintiffs-Appellants William D. Lawton, Gerald G. Miller, Jr., John D. Romano, Stanley J. Morrill, and Richard V. Patrick.

Richard A. McGuirk, Nixon Peabody LLP, Rochester, NY, for Defendants-Appellees David Isabella, Michael J. Kazacos, and Morgan Stanley & Co. Incorporated.

Before B.D. PARKER, WESLEY, Circuit Judges, RESTANI, Judge.


BARRINGTON D. PARKER, Circuit Judge:

The Securities Litigation Uniform Standards Act of 1998 ("SLUSA") precludes plaintiffs from filing certain class actions in state courts that allege fraud in connection with the purchase or sale of nationally traded securities. 15 U.S.C. § 78bb(f)(1). Plaintiffs-appellants in these consolidated appeals, who are Xerox and Kodak retirees, filed class action complaints in New York State Supreme Court, which purported to raise...

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