Deloitte & Touche LLP v. RGH Liquidating Trust

Issue: Whether the New York Court of Appeals correctly derived from the “Counting of Certain Class Members” provision of the Securities Litigation Uniform Standards Act (SLUSA) a “single-entity exemption” under which a state-law securities fraud action that indisputably was brought on behalf of more than fifty bondholders and would otherwise be precluded by SLUSA is permissible so long as the named plaintiff entity itself was not established for the “primary” purpose of bringing the lawsuit?

Briefs and Documents

Certiorari-stage documents

• Opinion below (N.Y. Ct. App.)
• Petition for certiorari
• Brief in opposition (forthcoming)
• Petitioners' reply (forthcoming)
• Amicus brief of U.S. Chamber of Commerce
• Amicus brief of Center for Audit Quality (forthcoming)