Susan M. Greenwood | Bloomberg Law Brown v. Calamos, No. 11-01785, 2011 BL 289753 (7th Cir. Nov. 10. 2011) n an opinion by Honorable Richard A. Posner, the U.S. Court of Appeals for the Seventh Circuit affirmed dismissal of an action for breach of fiduciary duty pursuant to the Securities Litigation Uniform Standards Act of 1998 (SLUSA). The Seventh Circuit reviewed SLUSA decisions by its sister circuits, but did not specifically align itself with any of their approaches.
Putting Future Business before Current Shareholders
Breach of Fiduciary Duty or Securities Fraud?
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