A Law360 article on attorney reaction to the U.S. Supreme Court’s Chadbourne ruling featured comments and analysis from Susman Godfrey Partner Arun Subramanian.
“Chadbourne reverses the trend of Supreme Court decisions raising the bar for class actions, and loosens the grip of SLUSA preemption over state-law fraud claims that have a tangential relationship, at best, to covered securities under SLUSA,” Subramanian said. “It’s a departure from the recent Supreme Court cases that have made it harder for plaintiffs to bring class action cases, like Twombly and Behrend.”
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