SLUSA

(redirected from Securities Litigation Uniform Standards Act of 1998)
AcronymDefinition
SLUSASecurities Litigation Uniform Standards Act of 1998
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Each version of the Uniform Securities Act has been pre-empted in part by the National Securities Markets Improvement Act of 1996 (41) and the Securities Litigation Uniform Standards Act of 1998.
These actions ultimately led to the passage of the Securities Litigation Uniform Standards Act of 1998 which limited the use of state courts to try securities lawsuits but for the three-year period between the passage of these two acts, the state courts remained a viable option for the plaintiff wishing to file a securities lawsuit (Casey, 1999).
214) See Statement on Signing the Securities Litigation Uniform Standards Act of 1998, supra note 174, at 1975.
Precisely such a review and clarification has occurred with respect to the Reform Act: the Securities Litigation Uniform Standards Act of 1998 arose out of legislative hearings on the effects of the Reform Act.
The Securities Litigation Uniform Standards Act of 1998, Law and Explanation, published by CCH, Inc.
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