SLUSA in Second Circuit After Troice Decision

, New York Law Journal

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Williams & Connolly partners George A. Borden and John S. Williams write that the Supreme Court's holding in 'Troice,' with its unique circumstances, should not have a significant impact on the meaning of the phrase "in connection with," which more than any other determines whether an alleged fraud is sufficiently connected to the sale of securities that it can be a basis for a securities suit. This limited impact can be seen by examining litigation arising from the fraud perpetrated by Bernard Madoff.

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