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4652 REVIEW DENIED A class action by trust beneficiaries based on allegations that defendant bank made misrepresentations contemporaneously with the investment of trust assets into proprietary and nonproprietary mutual funds meets the "in connection with" requirement of the federal Securities Litigation Uniform Standards Act and is therefore precluded; plaintiffs may pursue such an action as individuals.CitationWELLS FARGO v SUPERIOR COURT (SLUSA Preclusion) 159 CA4 381 [See: 15 USC 78bb(f); Merrill Lynch v Dabit 547 US 71]
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