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Expert Analysis

What To Look For In Cyan V. Beaver County Oral Arguments

By William O'Brien ( November 26, 2017, 10:17 PM EST) -- On June 28, 2017, the U. S. Supreme Court granted certiorari in Cyan Inc. v. Beaver County Employees Retirement Fund, No. 15-1439. At issue is whether state courts have subject matter jurisdiction over class actions alleging only federal claims under the Securities Act of 1933. [1] This question should have been laid to rest in 1998, when Congress passed certain amendments to the 33 Act through the Securities Litigation Uniform Standards Act, otherwise known as SLUSA. [2]. . .

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