Defending Securities Act Claims In Texas State Court: Part 1

Law360 (May 6, 2019, 3:36 PM EDT) -- The methods of defending securities claims in federal court are well-worn, with established precedent and courts that are deeply experienced with the unique procedural and statutory hurdles plaintiffs face in bringing such claims. But the relative comfort of litigating federal securities cases in federal courts was disturbed last year, when the U.S. Supreme Court issued its ruling in Cyan Inc. v. Beaver County Employees Retirement Fund,[1] allowing securities class action plaintiffs to pursue public offering claims in state courts.

In Cyan, the high court held that: (1) state courts have jurisdiction to hear class actions brought under the federal Securities Act...

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