Month: March 2018

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 …

Supreme Court: Certain Securities Class Actions to Remain in State Court Read More »

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The SEC obtained summary judgment against Steven Metro, the key to the Grand Central insider trading ring that reputedly had $5.6 million in illicit trading profits. SEC v. Metro, Civil Action No. 3:14-cv-01742 (D.N.J.). The Court also directed that Mr. …

SEC Obtains Summary Judgment In Grand Central Insider Trading Case Read More »

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