A court decision in a dispute involving securities transactionsrncould have widespread effects on where certain types of FERCrelatedrncourt battles are fought in the future.rnHistorically, lawsuits over issues that “arise under” the Federal Power Act,rnNatural Gas Act and Securities Exchange Act or that more broadly involvernduties or liabilities created by those laws have been considered to bernthe exclusive jurisdiction of federal courts. The three acts contain nearlyrnidentical language that gives federal courts sole review of such matters.
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