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In a decision that has implications for both corporate and individual defendants, the US Supreme Court ruled that class actions being brought under the Securities Act of 1933 must remain in state court. As a result, defendants may have to litigate 1933 Act class actions in multiple jurisdictions, whether both state and federal courts or more than one state court, leaving defendants with greater risk and higher litigation costs. On March 20, in Cyan, Inc. v.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
