Daniel Lewis

A&O Shearman

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United States Supreme Court Hears Oral Argument in Securities Act Case Raising Questions of Standing

Yesterday the United States Supreme Court heard oral argument in a case raising questions of when investors have standing to sue under Sections 11 and 12(a)(2) of the Securities Act of 1933 (the “Securities Act”). Slack...more

4/20/2023 / Investors , SCOTUS , Securities , Securities Act of 1933 , Securities and Exchange Commission (SEC) , Securities Litigation , Securities Regulation , Standing

So Long, Cyan?—Delaware Supreme Court Endorses Federal Forum-selection Provisions for Securities Act Claims

Today, the Supreme Court of Delaware reversed a decision of the Delaware Court of Chancery and affirmatively endorsed the enforceability of federal forum-selection provisions, in a Delaware corporation’s certificate of...more

3/19/2020 / Cyan Inc v Beaver Cty Emps Ret Fund , Delaware General Corporation Law , Forum Selection , Jurisdiction , Securities Act of 1933 , Securities Litigation , Shareholder Litigation , SLUSA

Supreme Court to Review Second Circuit’s Decision that American Pipe Tolling Does Not Apply to the Securities Act’s Three-Year...

The Supreme Court of the United States has granted certiorari in Public Employees’ Retirement System of Mississippi v. IndyMac MBS, Inc., taking up an issue that affects the management of class action securities litigation....more

3/21/2014 / American Pipe & Construction Co. v. Utah , IndyMac , Retirement Plan , SCOTUS , Securities Act of 1933 , Statute of Repose , Tolling

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