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The U.S. Supreme Court, in a unanimous decision, have said that amendments to the federal Securities Act of 1933 do not give the federal courts exclusive jurisdiction over covered class actions brought under the law. (Law360)

BREAKING: Justices Keep Securities Class Actions Alive In State Courts

The U.S. Supreme Court on Tuesday ruled that state courts can continue to hear certain securities class actions brought under federal law, delivering a blow to underwriters and newly public companies that argued such claims belong only before federal judges.

  • Embedded Tweet Copyright Case Sent To 2nd Circ.

    A New York federal judge has given Time Inc. and other publishers the right to file an immediate appeal from a controversial copyright ruling last month over embedded tweets, crediting their claims of “tremendous uncertainty.”

  • Newly Filed Miami Bridge Collapse Suit Won't Be The Last

    A cyclist who was injured last week when a pedestrian bridge collapsed in Miami filed suit Monday, the first of what experts say will be dozens of cases stemming from the tragic accident that killed six people.

  • SEC Chair Outlines Fiduciary Duty Proposal Goals

    The head of the U.S. Securities and Exchange Commission on Monday offered new snippets of what to expect from the agency's long-awaited plans to revise the fiduciary duty standard while also expressing exasperation with the slow rollout of the consolidated audit trail.

  • Former Georgeson Advisers Get Mistrial After Juror’s Exit

    A Boston juror’s family emergency led to a mistrial Monday in a bribery case against four former corporate advisers at Georgeson LLC, despite calls from both sides to move forward with a smaller panel.

  • McDonald's Reaches Deal With NLRB In Joint-Employer Case

    McDonald’s USA LLC said Monday that it has reached a settlement with the National Labor Relations Board in a case over whether the fast-food giant and its franchisees are jointly liable for alleged labor law violations.

  • Sunfield Reaches $1M OSHA Deal Over Ohio Plant Injuries

    Auto parts manufacturer Sunfield Inc. has agreed to a $1 million penalty as part of a deal settling safety and health violations found at the company’s plant in Hebron, Ohio, after two workers were hurt on the job there in 2016, the U.S. Occupational Safety and Health Administration said Friday.

  • White & Case Reports 24% Gender Pay Gap In London

    White & Case LLP became the first U.S. law firm on Monday to report its gender pay gap data to the U.K. government under a new law, revealing a 24 percent divide between what the average man and average woman earns in its London office.

  • Justices Ask Gov't For Views On ERISA Causation Burden

    The U.S. Supreme Court on Monday asked the U.S. solicitor general to weigh in on a case asking when the burden of showing whether an Employee Retirement Income Security Act fiduciary caused an alleged loss shifts from the workers to the fiduciary.

  • Outten, Cohen Attys Held In Contempt Over Chipotle OT Suit

    A Texas federal judge on Monday held in contempt lawyers from Outten & Golden LLP and Cohen Milstein Sellers & Toll PLLC and their client, saying they had improperly pursued a Fair Labor Standards Act collective action against Chipotle Mexican Grill Inc. based on an invalidated overtime rule.

  • SEC Whistleblowers Net $83M In Largest Ever Bounties

    The U.S. Securities and Exchange Commission on Monday approved its largest ever whistleblower awards, agreeing to pay out roughly $83 million combined to three tipsters, who are represented by Labaton Sucharow LLP, according to the firm.

  • Uber Halts Self-Driving Car Tests After Ariz. Pedestrian Death

    Uber has suspended testing of its self-driving cars in several U.S. cities and Toronto on Monday after one of its self-driving cars struck and killed a Tempe, Arizona, woman who was crossing a street in what might be one of the first pedestrian deaths involving an autonomous car operating on public roads.

  • Claire's Opens $1.9B Ch. 11 In Delaware To Rework Debt

    Blaming an over-leveraged, $2.1 billion debt load and a tough retail environment, Claire's Stores Inc. drove its 7,500-location beauty, accessories and ear-piercing business into Delaware bankruptcy court on Monday, proposing to restructure $1.9 billion in obligations.