Posts in Securities.
Addressing a Split Among Courts, Judge Rules that State Courts Can Hear Securities Act Class Actions
Judge Salinger addressed an issue that divides federal district courts: Do state courts have subject matter jurisdiction over covered class actions under the Securities Act of 1933? Judge Salinger answered, in Fortunato v. Akebia Therapeutics, Inc., et al., that state courts have concurrent jurisdiction over these claims.
Justice: Justice Salinger
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