Justices Keep Securities Class Actions Alive In State Courts

By Ed Beeson (March 20, 2018, 10:18 AM EDT) -- 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.

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) In the matter of Cyan Inc. v. Beaver County Employees Retirement Fund, a unanimous high court said that amendments to the federal Securities Act of 1933 do...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!