Congress enacted the Securities Litigation Uniform Standards Act of __________ which requires that class actions involving allegations of securities fraud by a publicly traded company under any securities statute be litigated exclusively in federal courts.

Question

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The Securities Litigation Uniform Standards Act of 1995 (SLUSA) requires that class actions involving allegations of securities fraud by a publicly traded company under any securities statute be litigated exclusively in federal courts.

Congress Enacted the Securities Litigation Uniform Standards Act of __________