The breadth of SLUSA’s Delaware carve-out was the focus of District Judge John G. Koeltl’s opinion in Indiana Electrical Workers Pension Trust Fund v. Millard, 2007 U.S. Dist. LEXIS 54203 (S.D.N.Y. July 25, 2007). The plaintiffs’ New York state court class action was purely an options backdating claim sounding in breach of fiduciary duty — the duty ...
The breadth of SLUSA’s Delaware carve-out was the focus of District Judge John G. Koeltl’s opinion in Indiana Electrical Workers Pension Trust Fund v. Millard, 2007 U.S. Dist. LEXIS 54203 (S.D.N.Y. July 25, 2007). The plaintiffs’ New York state court…