Securities Litigation Uniform Standards Act of 1998

Summary

Securities Litigation Uniform Standards Act of 1997 - Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to proscribe bringing a private class action based upon State or municipal law in State or Federal court by any private party alleging: (1) an untrue statement or omission in connection with the purchase or sale of a covered security; or (2) that the defendant used any manipulative or deceptive device in connection with such a transaction. Declares that any class action brought in any State court involving a covered security shall be removable to the Federal district court for the district in which the action is pending.

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Documents

6 official files

• Passed House amended

  summary · EN · 22 July 1998

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• Reported in House (text)

  Reported in House · EN · 21 July 1998

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• Reported in House (PDF)

  Reported in House · EN · 21 July 1998

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• Introduced in House (text)

  Introduced in House · EN · 21 May 1997

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• Introduced in House (PDF)

  Introduced in House · EN · 21 May 1997

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• Introduced in House

  summary · EN · 21 May 1997

  Open at official source

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