No. 13-1574.

758 F.3d 98 (2014)

Eduardo HIDALGO-VÉLEZ, et al., Plaintiffs, Appellants, v. SAN JUAN ASSET MANAGEMENT, INC., et al., Defendants, Appellees.

United States Court of Appeals, First Circuit.

July 9, 2014.

Attorney(s) appearing for the Case

Luis A. Avilés , with whom Jorge M. Izquierdo-San Miguel and Izquierdo-San Miguel Law Offices, PSC were on brief, for appellants.

Eric Pérez-Ochoa , with whom Adsuar Muñiz Goyco Seda & Pérez-Ochoa, P.S.C. was on brief, for appellees San Juan Asset Management, Inc. and Vizcarrondo-Ramírez de Arellano.

Michael S. Flynn , with whom Francisco G. Bruno-Rovira , Leslie Yvette Flores-Rodriguez , McConnell Valdes LLC, Alicia L. Chang , and Davis Polk & Wardwell LLP were on brief, for appellee PricewaterhouseCoopers, LLP (whose brief was adopted by appellees Puerto Rico & Global Income Target Maturity Fund, Inc., Luis Rivera, Rivera Casiano, Lugo-Rivera, and Colón Ascar).

Before THOMPSON and SELYA, Circuit Judges, and McCONNELL, District Judge.

SELYA, Circuit Judge.

This case requires us to trace the contours of the "in connection with" element of the Securities Litigation Uniform Standards Act of 1998 (SLUSA), 15 U.S.C. § 78bb(f), in the reflected light of the Supreme Court's recent decision in Chadbourne & Parke LLP v. Troice, ___ U.S. ___, 134 S.Ct. 1058, 188 L.Ed.2d 88 (2014). Giving full voice to Troice, we conclude that the district court impermissibly...

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