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Expert Analysis

Calif. Federal Forum Clause Rulings Are Good News For Cos.

By Israel David and Justin Santolli (January 4, 2021, 4:05 PM EST) -- In 2018, the U.S. Supreme Court issued its game-changing decision in Cyan Inc. v. Beaver County Employees Retirement Fund, in which the court ruled that state courts have concurrent jurisdiction over claims brought under the Securities Act of 1933.[1] In the wake of Cyan, there has been a sharp increase in Securities Act class action lawsuits brought in state courts....

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