SAN FRANCISCO — There’s only one place where federal securities claims belong, according to a team of lawyers with Wilson Sonsini Goodrich & Rosati, and that’s federal court.
The Wilson team led by partner Boris Feldman is trying to dam a perceived flood of post-initial public offering securities suits brought in the traditionally plaintiff-friendly state courts. In a petition filed Wednesday seeking an emergency appeal, Wilson seeks review of San Francisco Superior Court Judge Curtis Karnow’s October ruling that a case against Cyan Inc. could proceed in state court.
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