On Tuesday, March 20, 2018, the Supreme Court unanimously held in Cyan Inc. v. Beaver County Employees’ Retirement Fund, that state courts have concurrent jurisdiction over securities class actions brought under the...more
Recent years have seen significant growth in Securities Act class actions filed in California state courts, based on conflicting readings of the Securities Litigation Uniform Standards Act (“SLUSA”). On June 27, 2017, the...more
Americans take as given the right to hold and express opinions. So it may come as a surprise to many that the federal securities laws impose civil liability for statements of opinion. It may be even more surprising that...more