Tag Archives: state court securities litigation

More About State Court Secondary Offering-Related Securities Class Action Suits

In a recent post, I commented on the settlement of a state court securities class action lawsuit relating to the defendant company’s secondary offering, suggesting in the post among other things that the state court suit was noteworthy because it was the first state court secondary offering-related securities suit of which I was aware. In … Continue Reading

Cornerstone Research: Combined Federal and State Securities Suit Filings at Highest-Ever Levels in 2018

The number of federal court securities class action lawsuit filings remained “near record levels” during 2018, according to the latest report published by  Cornerstone Research in conjunction with the Stanford Law School Securities Class Action Clearinghouse. State court securities lawsuit filings, detailed in the report, drove securities class action litigation filing activity to even higher … Continue Reading

IPO-Related Securities Suit Filings Surge – in State Court?

A probable accompaniment of the increased IPO activity during 2013 and 2014 is an increase in IPO-related litigation, as I have previously noted. There has already been one high-profile IPO-related securities suit filed this year, the securities class action lawsuit filed last week against the Chinese e-commerce giant Alibaba. And if the two additional new … Continue Reading

Forum Selection and ’33 Act Subprime Lawsuits

As I have previously noted (here), one of the significant procedural developments in the subprime securities litigation wave has been the plaintiffs’ apparent interest in pursuing ’33 Act subprime-related lawsuits in state court. Section 22(a) of the ’33 Act expressly provides that the federal court’s jurisdiction for ’33 Act lawsuits is "concurrent with State and … Continue Reading

Section 11 Lawsuits: Coming Soon to a State Court Near You?

Over the last several years, Congress has made several different efforts to concentrate class action litigation in federal court.   For example, in the Securities Litigation Uniform Standards Act of 1998 (SLUSA), Congress amended portions of the Securities Act of 1933 and the Securities Exchange Act of 1934 to preempt class actions alleging fraud under … Continue Reading
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