David C Franceski Jr

David C Franceski Jr

April 05, 2018 | The Legal Intelligencer

1933 Act Class Claims Brought in State Court Can Remain in State Court

On March 20, the U.S. Supreme Court in Cyan v. Beaver County Employees Retirement Fund, reaffirmed that because federal and state courts share concurrent jurisdiction over class actions alleging violations of the Securities Act of 1933 (1933 Act), such actions can remain in state court.

By David C. Franceski Jr. and John J. Murphy

6 minute read