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CHADBOURNE & PARKE LLP v. TROICE

Nos. 12-79, 12-86, 12-88.

134 S.Ct. 1058 (2014)

188 L.Ed.2d 88

CHADBOURNE & PARKE LLP, Petitioner v. Samuel TROICE et al. Willis of Colorado Incorporated, et al., Petitioners v. Samuel Troice et al. Proskauer Rose LLP, Petitioner v. Samuel Troice et al.

Supreme Court of United States.

Decided February 26, 2014.

Attorney(s) appearing for the Case

Paul D. Clement , Washington, DC, for Petitioners.

Elaine J. Goldenberg , for the United States, as amicus curiae, by special leave of the Court, supporting the Petitioners.

Thomas C. Goldstein , Washington, DC, for Respondents.

Daniel J. Beller , Daniel J. Leffell , William B. Michael , Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, Walter Dellinger , Jonathan D. Hacker , O'Melveny & Myers LLP, Washington, DC, Anton Metlitsky , Leah Godesky , O'Melveny & Myers LLP, New York, NY, for Petitioner.

Thomas C. Goldstein , Counsel of Record, Tejinder Singh, Goldstein & Russell, P.C., Washington, DC, Phillip W. Preis , Charles M. Gordon, Jr. , Preis Gordon, APLC, Baton Rouge, LA, Edward F. Valdespino , Judith R. Blakeway , Strasburger & Price, LLP, Edward C. Snyder , Jesse R. Castillo , Castillo Snyder, P.C., San Antonio, TX, P. Michael Jung , David N. Kitner , Strasburger & Price, LLP, Douglas J. Buncher , Patrick J. Neligan, Jr. , Nicholas A. Foley , Neligan Foley, LLP, Dallas, TX, for Respondents.

Adam L. Rosman , Willis Group, New York, NY, Robert M. Lapinsky , Willis North America Inc., Nashville, TN, Paul D. Clement , Counsel of Record, Jeffrey M. Harris , Bancroft PLLC, Washington, DC, Jonathan D. Polkes , Weil, Gotshal & Manges LLP, New York, NY, J. Gordon Cooney, Jr. , Morgan, Lewis & Bockius LLP, Philadelphia, PA, Allyson N. Ho , Morgan, Lewis & Bockius LLP, Houston, TX, Bradley W. Foster , Andrews Kurth LLP, Dallas, TX, for Petitioners.

James P. Rouhandeh , Counsel of Record, Daniel J. Schwartz , Jonathan K. Chang , Richard A. Cooper , Davis Polk & Wardwell LLP, New York, NY, for Petitioner.

Justice BREYER delivered the opinion of the Court.

The Securities Litigation Uniform Standards Act of 1998 (which we shall refer to as the "Litigation Act") forbids the bringing of large securities class actions based upon violations of state law. It says that plaintiffs may not maintain a class action "based upon the statutory or common law of any State" in which the plaintiffs allege "a misrepresentation or omission of a material fact in connection with the purchase...

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