Latest Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Dabit Stories
By Kevin Drawbaugh WASHINGTON (Reuters) - The U.S. Supreme Court on Tuesday ruled unanimously in favor of investment bank Merrill Lynch in a decision limiting shareholders' ability to bring certain class action cases in state courts.
Word of the Day
- A person who stands up for something, as contrasted to a bystander who remains inactive.
- One of the upright handlebars on a traditional Inuit sled.
The word 'upstander' in the first sense here is a play on the word 'bystander' and the idea of 'standing up' for something.