Supreme Court Allows Securities Class Actions To Remain In State Courts

Mealey's (March 20, 2018, 1:25 PM EDT) -- WASHINGTON, D.C. — In a unanimous opinion, the U.S. Supreme Court on March 20 ruled that securities class actions brought pursuant to the Securities Act of 1933 may be brought in state court and are not preempted by the Securities Litigation Uniform Standards Act (SLUSA), (Cyan Inc. v. Beaver County Employees Retirement Fund, et al., No. 15-1439, U.S. Sup.)....