In a securities fraud action for misleading plaintiffs in connection with the sale of a closely held corporation to a publicly traded acquirer, the dismissal of the complaint is reversed where the non-applicability of the “Delaware carve-out” in the Securities Litigation Uniform Standards Act is a prerequisite to the district court’s removal jurisdiction.
Read Madden v. Cowen & Co., No. 07-15900
Appellate Information
Argued and Submitted November 21, 2008
Filed August 7, 2009
Judges
Opinion by Judge Ikuta
Counsel
For Appellants:
Phillip Borowski, San Francisco, CA
For Appellees:
Linda Goldstein, Covington & Burling LLP, New York, NY
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