Tag: SLUSA

The Supreme Court, SLUSA and Statutory Interpretation

The Supreme Court in Cyan, Inc. v. Beaver County Employees, 138 S.Ct. 1061(2018) concluded that a securities class action brought in state court based solely on claims arising under the Securities Act of 1933 could not be dismissed based on

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Supreme Court: Certain Securities Class Actions to Remain in State Court

The Supreme Court concluded that a securities class action based solely on claims arising under the Securities Act can proceed in state court and can not be removed to federal court. In reaching its conclusion the Court rejected the position

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