In Cyan, Inc., the Justices unanimously decide that state courts have jurisdiction over federal Securities Act class actions.
Key Points:
..Resolves split of authority on whether the Securities Litigation Uniform...more
3/22/2018
/ Class Action ,
Cyan Inc v Beaver Cty Emps Ret Fund ,
Jurisdiction ,
PSLRA ,
Removal ,
SCOTUS ,
Securities Act of 1933 ,
Securities Litigation ,
Securities Violations ,
SLUSA ,
Split of Authority ,
State Law Claims
The Ninth Circuit follows the Second and Seventh Circuits in dismissing consumer class actions in which named plaintiff alleges no injury other than statutory damages.
Key Points:
..In Bassett v. ABM Parking Services,...more