U.S. Supreme Court Holds that Securities Act Class Actions May Be Brought in State Courts
Publication Date: March 22, 2018

In a decision that has a wide-ranging impact for newly public companies, the Supreme Court of the United States held that state courts have jurisdiction over class actions brought under the Securities Act of 1933 (Securities Act) and that such actions filed in state court may not be removed to federal court. This decision interprets the Securities Litigation Uniform Standards Act of 1998 and resolves a split among federal district courts.

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Read the Court's opinion >>