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IPO Row Belongs In Calif. Court, Investors Tell High Court

By Tom Zanki (August 26, 2016, 3:46 PM EDT) -- Investors suing telecommunications company Cyan Inc. over alleged misrepresentations in a 2013 initial public offering urged the U.S. Supreme Court Friday to deny Cyan's petition to review whether shareholders can sue in California state court, arguing that states enjoy concurrent jurisdiction over federal Securities Act of 1933 claims....

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