Time To Resolve Post-Cyan Securities Class Action Confusion

Law360, London (July 24, 2019, 4:25 PM BST) -- The Supreme Court decision in Cyan Inc. v. Beaver County Employees Retirement Fund “swings the doors of state courts wide open to actions asserting ’33 Act claims against issuers, officers, directors, underwriters, and others involved in the securities offering process.”[1] The decision has birthed ramifications that deepen the knowledge gap between business entrepreneurs that aim to take a company public in the U.S., and the professionals that will work to protect them once the bell rings.

According to a June 18, 2019, article titled “D&O Insurance Costs Soar as Investors Run to Court Over IPOs,” the premiums that corporations incur to...

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