Mealey's (November 29, 2017, 9:09 AM EST) -- WASHINGTON, D.C. — In writing the Securities Litigation Uniform Standards Act (SLUSA), Congress intended to eliminate concurrent jurisdiction for many federal claims arising from the Securities Act of 1933, even if it took an “obtuse” approach to saying as much, counsel for Cyan Inc. told the U.S. Supreme Court Nov. 28 in oral arguments in an appeal of a California Superior Court ruling that shareholders in a securities class action are not preempted by SLUSA from bringing their Securities Act claims (Cyan Inc. v. Beaver County Employees Retirement Fund, et al., No. 15-1439, U.S. Sup.)....