Year-Old Cyan Ruling Still A Touchy Subject For Attorneys

Law360 (March 22, 2019, 9:44 PM EDT) -- A year after the U.S. Supreme Court handed down its controversial Cyan decision affirming state courts have jurisdiction over certain securities class actions, plaintiffs and defense attorneys remain divided over its merits.

Plaintiffs generally defend the justices' opinion as an accurate interpretation of the existing law, while defendants worry about a dearth of protections in state courts that is widely viewed as benefiting their opponents, such as the absence of an automatic discovery stay.

No matter how much plaintiffs and defendants spar over the issue, though, it's not expected to generate enough controversy to be overturned by Congress any time soon....

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!


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!