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The Nexus
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Securities Litigation Uniform Standards Act

Coverage of Securities Litigation Uniform Standards Act in the Nexus archive.

Earliest in view: Jun 12 · 01:34 UTCMost recent: Jul 9 · 00:19 UTC
Co-mentioned in this coverage
Meta Platforms Inc.organization1William H. Orrick IIIperson1Jayud Global Logistics Ltd.organization1Ostin Technology Group Co., Ltd.organization1Nasdaqorganization1Andrew Robertsonperson1Morris Kandinovorganization1Judge Richard Seeborgperson1Metaorganization1China Liberal Education Holdings Ltd.organization1WhatsApporganization1
Recent coverage
  • BUSINESSJul 9 · 00:19 UTCCOURTHOUSE NEWS
    Meta likely to dodge suits over WhatsApp investment scams

    A federal judge indicated he will likely dismiss lawsuits against Meta for facilitating investment scams via WhatsApp, citing jurisdiction issues under the Securities Litigation Uniform Standards Act (SLUSA). Plaintiffs allege scammers used Meta's platform to lure victims into fraudulent 'pump-and-dump' schemes involving stocks like Jayud Global Logistics Ltd. (JSL) and Ostin Technology Group Co., Ltd. (OST), resulting in significant financial losses.

  • BUSINESSJun 12 · 01:34 UTCCOURTHOUSE NEWS
    Judge finds federal securities law bars lawsuit over Chinese penny stock scheme

    A U.S. judge ruled that federal securities law bars a lawsuit against Meta, which was accused of enabling a Chinese penny stock scheme through fraudulent ads. The judge determined the Securities Litigation Uniform Standards Act preempts the claim, stating Meta's misleading ads were material to victims' decision to purchase the stock.