In a unanimous decision issued Tuesday, March 20, 2018, the
United States Supreme Court clarified that certain securities law
class action cases may proceed in state courts. The Court
declined to find that Congress intended to make federal courts the
exclusive or preferred forum for resolving such claims.
The case – Cyan, Inc. v. Beaver County Employees
Retirement Fund – involved the interpretation of the
Securities Litigation Uniform Standards Act of 1998 (also referred
to as SLUSA) and the changes that law made to the Securities Act of
1933. The Securities Act governs the offering of securities
to the public and requires "full and fair disclosure" of
relevant information. The Securities Act gives plaintiffs the
option of pursuing a claim in either federal or state court.
Ordinarily a defendant facing a lawsuit brought in state court but
based on federal law (such as the Securities Act) would have the
option to "remove" the case to the appropria
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While attending the 2018 ACA Summit in Boston, please join Foley Hoag on Thursday, April 19 for an evening of networking and refreshments with other investors and entrepreneurs at Abe & Louie's Steakhouse Restaurant.
While attending the 2018 ACA Summit in Boston, please join Foley Hoag on Thursday, April 19 for an evening of networking and refreshments with other investors and entrepreneurs at Abe & Louie's Steakhouse Restaurant.
We hope to see you at the world's largest gathering of angel investors! For inquiries, please email Lisa Cortese.
25 Apr 2018, Speaking Engagement, Boston, United States
TiE Boston and Babson College join Boston Blockchain Week (April 23 - 27) - the largest gathering of blockchain founders, developers, and funders in Boston/Cambridge.
Initial Coin Offerings (ICOs) are funding exciting startups and presenting new opportunities for investors to get a piece of the action while also creating a new funding vehicle that is changing founder/investor dynamics.
The energy storage market has taken off in the Northeast. In late 2017, Massachusetts announced $20 million in grants for 26 projects through the Baker-Polito Administration’s Advancing Commonwealth Energy Storage program, while New York Governor Andrew Cuomo recently committed to deploy 1,500 megawatts of storage by 2025. With storage finally here, communities and consumers are looking to marry solar with storage as a solution to reducing electricity costs, increasing grid resiliency and better-utilizing energy resources. Numerous Northeast Clean Energy Council (NECEC) members are leading in this space in Massachusetts, New York and other states that have jump-started their energy storage markets.
Wthin every contract there exist an obligation of good faith and fair dealing. If you don't believe me, believe the Restatement (2nd) of Contracts, which at section 205 provides ...
A broker-dealer settled charges with the SEC and FINRA, admitting that it had failed to file Suspicious Activity Reports ("SARs") concerning numerous suspicious transactions.
Corporations today face a strict regulatory environment and close scrutiny surrounding corporate activity. Public and private companies face the potential of not only governmental investigations ...