Date archive: May 2019

ZOLA v. TD AMERITRADE: NATIONAL SECURITIES CLASS-ACTION SUITS BASED ON FRAUD CANNOT HIDE BEHIND STATE CLAIMS

Summary: This article discusses the Eighth Circuit case Zola v. TD Ameritrade and what it means for national and state securities class-action claims. Background In the 1990’s, Congress sought more stringent standards for filing securities class-action litigation. The Private Securities Litigation Reform Act (PSLRA) was passed in 1995 followed by the Securities Litigation Uniform Standards…

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