- Cyan, Inc. v. Beaver County Employees Retirement Fund
- Digital Realty Trust v. Somers
- Leidos v. Indiana Public Retirement System
Cyan, Inc. v. Beaver County Employees Retirement Fund
Cyan addresses the procedural question of whether claimants may bring Securities Act class actions in state courts, and whether defendants can remove such cases to federal court. California federal district courts hold, yes, state courts retain jurisdiction over Securities Act class actions brought in those courts and such cases cannot be removed to federal courts. Federal district courts in New York, New Jersey, and Delaware, however, hold that class actions alleging Securities Act claims are removable to federal court.