Defending Securities Act Claims In Texas State Court: Part 3

Law360 (May 8, 2019, 3:38 PM EDT) -- The U.S. Supreme Court's ruling last year in Cyan Inc. v. Beaver County Employees Retirement Fund held that securities class action plaintiffs could pursue claims brought under the federal Securities Act of 1933 in state courts, and that the Securities Litigation Uniform Standards Act does not empower defendants to remove class actions alleging only 1933 Act claims from state to federal court.

The practical effect of the Supreme Court's decision is that more public offering securities are now being litigated in state courts. Defendants who find themselves litigating a 1933 Act case in Texas state courts can navigate Texas procedures to provide...

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?
Beta
Ask a question!