Court of Appeals for the Eighth Circuit July 14, 2003, 02-3744 (Professional Management Associates, Inc. Employees' Profit Sharing Plan, on Behalf of Itself and All Others Similarly Situated v. Kpmg LLP)

FAGG, Circuit Judge.

The Securities Litigation Uniform Standards Act of 1998 (SLUSA), 15 U.S.C. §§ 77p(b)-(c), 78bb(f)(l)-(2) (2000), provides for removal to federal court and immediate dismissal of certain class actions based on state law alleging an untrue statement or omission of a material fact made in connection with the purchase or sale of a covered security.

See Dudek v. Prudential Sec.