This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Securities

Jan. 6, 1999

Securities Fraud Actions Allowed Under State Law

Keeping alive more than 50 pending California state securities fraud cases, the state Supreme Court on Monday ruled that out-of-state investors can pursue existing shareholder class actions in state court, even though recent federal legislation pre-empts most future state securities litigation.

By Pamela A. MacLean
Daily Journal Staff Writer
        Keeping alive more than 50 pending California state securities fraud cases, the state Supreme Court on Monday ruled that out-of-state investors can pursue existing shareholder class actions in state court, even though recent federal legislation pre-empts most future state securities litigation.
...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate report, award winning columns, and our
Verdicts and Settlements.
Or
$887 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?