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Securities Exchange Act of 1934—scope of federal jurisdiction

USA - June 30 2015 Section 27 of the Securities Exchange Act of 1934 (the "Act") provides that federal courts "shall have exclusive jurisdiction" over "violations of…

Federal Power Act—federal regulation of demand response in the wholesale energy market

USA - May 4 2015 The Federal Power Act grants the Federal Energy Regulatory Commission exclusive jurisdiction over "the sale of electric energy at wholesale in…

Supreme Court refuses to overturn fraud-on-the-market presumption, but adjusts presumption to allow evidence of absence of “price impact” at class certification stage

USA - June 23 2014 The securities class action industry was launched a quarter-century ago when the Supreme Courtrecognized the so-called "fraud-on-the-market"…

Archis A. Parasharami

Class-action plaintiffs must offer evidence showing that they meet class-certification requirements

USA - April 7 2014 A recent decision denying certification of a securities-fraud class action underscores that plaintiffs must prove with evidence that they satisfy the…

Supreme Court will decide whether filing a class action tolls statute of repose under federal securities laws

USA - March 11 2014 Last year, we reported on the Second Circuit's ruling in Police & Fire Retirement System of City of Detroit v. IndyMac MBS, Inc. (pdf), 721 F.3d 95…