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Expert Analysis

Del. Ruling May Curb Cyan-Prompted Class Actions

By Ezekiel Hill and Eric Lawson (March 20, 2020, 5:53 PM EDT) -- Friday marked two years since the U.S. Supreme Court held in Cyan Inc. v. Beaver County Employees Retirement Fund that class actions brought under the Securities Act of 1933 may be filed in state court and are not removable to federal court.[1] In the wake of Cyan, the number of 1933 Act class actions filed in state court increased dramatically....

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