Justices Cut Through 'Gibberish' To Uphold Shareholder Suits

Law360 (March 20, 2018, 9:15 PM EDT) -- The U.S. Supreme Court on Tuesday showed it could cut a direct path through difficult statutory language when it ruled that investors could keep bringing certain securities class actions in state courts — and issued a decision that defense attorneys warned will cause a flood of new shareholder suits before state judges around the country.

The 9-0 decision in Cyan Inc. v. Beaver County Employees Retirement Fund found the justices roundly rejecting the former telecommunications company's arguments that a 1998 law had precluded investors from bringing certain securities class...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.