U.S. Supreme Court says state courts may continue to hear securities class actions

Posted on: March 22nd, 2018 by Steve Larson

In an important decision for investors, the U.S. Supreme Court ruled on March 20, 2018, that state courts can continue to hear certain securities class actions brought under federal law. In the unanimous decision, the court said that amendments to the federal Securities Act of 1933 do not give the federal courts exclusive jurisdiction over covered class actions brought under the law.

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