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U.S. Supreme Court,
Securities,
Civil Litigation

Mar. 21, 2018

Supreme Court preserves state court securities class actions

A few securities litigation defendants hoping to avoid fighting class actions in state court saw those dreams dashed after the U.S. Supreme Court on Tuesday clarified confusing language in a 1998 federal law.

A few securities litigation defendants hoping to avoid fighting class actions in state court saw those dreams dashed after the U.S. Supreme Court on Tuesday clarified confusing language in a 1998 federal law.

The justices ruled that specific securities class actions can continue to be filed in state court even though the act involves federal law.

Securities plaintiffs prefer to file in state court...

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