High Court Asked To Determine Jurisdiction Over Securities Act Claims

(January 20, 2017, 11:48 AM EST) -- WASHINGTON, D.C. — A California state court lacked subject matter jurisdiction because only claims under the Securities Act of 1933 were made, defendants argue in a recent petition for writ of certiorari filed in the U.S. Supreme Court (FireEye Inc., et al. v. Superior Court of California, County of San Mateo, No. 16-744, U.S. Sup.; 2016 U.S. S. Ct. Briefs LEXIS 4522)....