context: (Compl. P 33.) Indeed, Plaintiffs rely on this fact to counter Defendants' argument for dismissal under Morrison. (Doc. No. 175, at 4.) Despite this clear definition, Plaintiffs urge the Court to look to the subsection heading of the statute, which refers to the "Exclusive Federal regulation of nationally traded securities." 15 U.S.C. SS 77r(b)(l). Plaintiffs claim the inclusion of "trading" in the heading implies a trading requirement for qualification as a "covered security," even though the definition portion of the statute, which follows, makes no reference to trading. (Doc. No. 175, at 10.) Plaintiffs' reliance on the heading of the' SLUSA subsection is misplaced. See, e.g., Penn.
citation_a.signal: see also
citation_a.identifier: 636 F.3d 677, 681
citation_a.parenthetical: finding reference to a subtitle "unnecessary and inappropriate" where there was no ambiguity in the subsection
citation_a.sentence: Dep’t of Corr. v. Yeskey, 524 U.S. 206, 212, 118 S.Ct. 1952, 141 L.Ed.2d 215 (1998) (“[T]he title of a statute ... cannot limit the plain meaning of the text” and is “of use only when [it] shed[s] light on some ambiguous word or phrase.”); see also United States v. Hoang, 636 F.3d 677, 681 (5th Cir.2011) (finding reference to a subtitle “unnecessary and inappropriate” where there was no ambiguity in the subsection).
citation_b.signal: no signal
citation_b.identifier: 524 U.S. 206, 212
citation_b.parenthetical: "[T]he title of a statute ... cannot limit the plain meaning of the text" and is "of use only when [it] shed[s] light on some ambiguous word or phrase."
citation_b.sentence: Dep’t of Corr. v. Yeskey, 524 U.S. 206, 212, 118 S.Ct. 1952, 141 L.Ed.2d 215 (1998) (“[T]he title of a statute ... cannot limit the plain meaning of the text” and is “of use only when [it] shed[s] light on some ambiguous word or phrase.”); see also United States v. Hoang, 636 F.3d 677, 681 (5th Cir.2011) (finding reference to a subtitle “unnecessary and inappropriate” where there was no ambiguity in the subsection).