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November 22, 2017

Securities Litigation Case to Begin at SCOTUS Next Week

U.S. Supreme Court oral arguments will begin next week in a case that could potentially limit securities class action cases in state courts, writes SCOTUSblog.

At issue are the “numerous questions of interpretation under” the Private Securities Litigation Reform Act of 1995 and the Securities Litigation Uniform Standards Act of 1998. The Court will decide if state courts are the proper venue for securities class actions. According to the post, the Supreme Court has used these laws to “eradicate some, but clearly not all, state securities litigation” in the past.

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