4 NY Cases Forge Post-Cyan Securities Litigation Landscape

By Kevin Broughel, Anthony Antonelli and Amanda Pober ( August 29, 2019, 3:22 PM EDT) -- The U. S. Supreme Court in its 2018 landmark decision in Cyan Inc. v. Beaver County Employees Retirement Fund[1] unanimously held that state courts have concurrent subject matter jurisdiction over class actions that exclusively allege claims under the Securities Act of 1933. Predictably, the plaintiffs have responded by bringing more Securities Act claims in state courts around the country, and practitioners have been closely following these cases to determine the impact of Cyan as state court procedure intermixes with substantive federal securities law principles. . . .

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

This past year, a handful of attorneys secured billions of dollars in settlements and judgments for both classes and individual plaintiffs against massive companies and organizations like Facebook, Dell, the National Association of Realtors, Johnson & Johnson, UFC and Credit Suisse, earning them recognition as Law360's Titans of the Plaintiffs Bar for 2025.

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!