In a much-awaited decision on which courts and counsel have reached different conclusions for years, the United States Supreme Court held on March 20, 2018 that the Securities Litigation Uniform Standards Act of 1998 (“SLUSA”) does not strip state courts of jurisdiction over class action law suits brought exclusively under the Securities Act of 1933 (the “1933 Act”). The Supreme Court additionally held that SLUSA does not permit removal of class action claims brought solely under the 1933 Act from state to federal court. This unanimous decision will significantly impact securities litigation.
Learn from a panel of experts as they discuss what the Supreme Court held, what the decision means and the likely ramifications for securities class actions and defendants in such lawsuits going forward.
Program Sponsor: NYCLA’s Center for Corporate Governance
Program Chair and Moderator: Gregory Markel, Seyfarth Shaw
Faculty: Giovanna Ferrari,Seyfarth Shaw; Kevin LaCroix, RT Specialty; Alexander “Sasha” Aganin, Cornerstone Research; Jeroen Van Kwawegen, Bernstein Litowitz Berger & Grossman LLP;