Wilson Sonsini partner Boris Feldman has asked the U.S. Supreme Cout to put a stop to stock-drop suits in state court.
August 26, 2016 at 12:05 AM
1 minute read
SAN FRANCISCO — It happened to Fitbit. Zynga. Alibaba. Even Brooklyn-based Etsy.
After the hurrahs died down from their initial public offerings, the companies’ stock price dropped and an inevitable wave of securities class actions followed. Then came a tug-of-war over whether the cases should proceed in federal or state court in California.
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