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Expert Analysis

The Post-Cyan­ Spike In State Securities Act Filings

By James Goldfarb and Gaurav Talwar ( March 19, 2019, 1:54 PM EDT) -- One year ago, the U.S. Supreme Court held that the Securities Litigation Uniform Standards Act of 1998 neither ended concurrent jurisdiction over class actions alleging only Securities Act claims, nor authorized removing those actions to federal court. The unanimous opinion in Cyan Inc. v. Beaver County Employees Retirement Fund[1] resolved a split among state and federal courts over SLUSA's effect....

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