Securities
Jul. 29, 2015
Securities Act cases are surging ... in state courts?
For years, state courts have languished as a jurisdiction for claims under the Securities Act of 1933, but unexpected developments may be turning this settled landscape on its head.
For years, state courts have languished as a jurisdiction for the filing of claims under the Securities Act of 1933, which imposes liability for material misstatements or omissions in registration statements. However, a series of unexpected developments in jurisprudence and regulation may be turning this settled landscape on its head.
There were 288 initial public offerings completed in the U.S. in 2014, a 27 percent increase over...
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