After Cyan: Creative Lawyering Can't Displace Clear Statute
By Darren Robbins, James Jaconette and Michael Albert (March 26, 2018, 2:33 PM EDT) -- In a win for the plaintiffs bar, the U.S. Supreme Court last week held that the Securities Litigation Uniform Standards Act did not strip state courts of jurisdiction to hear class actions alleging only Securities Act of 1933 violations. In this Expert Analysis series, attorneys explore the court's unanimous ruling in Cyan Inc. v. Beaver County Employees Retirement Fund, and what's next for plaintiffs and defendants.
Michael Albert The U.S. Supreme Court has now put to rest any notion that the Securities Act of 1933 means anything other than what it says. As expressly provided for by Congress, a...
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