Cyan Inc. v. Beaver County Employees Retirement Fund
| Docket No. | Argument | Opinion | Vote | Author | Term |
|---|---|---|---|---|---|
| 15-1439 | Nov 28, 2017 | Mar 20, 2018 | 9-0 | Kagan | OT 2017 |
Holding: The Securities Litigation Uniform Standards Act of 1998 did not strip state courts of jurisdiction to adjudicate class actions alleging only 1933 Securities Act violations; nor did it authorize removing such suits from state to federal court.
Judgment: Affirmed, 9-0, in an opinion by Justice Kagan on March 20, 2018.
SCOTUSblog Coverage
- OT2017 #19: "This Classroom Is Not Full" (First Mondays, March 26, 2018)
- Opinion analysis: Justices affirm continued authority of state courts over securities class actions (Ronald Mann, March 21, 2018)
- Argument analysis: Justices frustrated by gibberish in statutes limiting state-court adjudication of securities class actions (Ronald Mann, November 29, 2017)
- Argument preview: Justices to consider limits on securities class actions in state courts (Ronald Mann, November 21, 2017)
- Today's orders (Amy Howe, June 27, 2017)
- Federal government files invitation briefs (Amy Howe, May 26, 2017)
- Justices issue additional orders from September 26 conference (Update) (Amy Howe, October 3, 2016)
- Petition of the day (Kate Howard, June 25, 2016)
| Date | Proceedings and Orders |
|---|---|
| 05/24/2016 | Petition for a writ of certiorari filed. (Response due June 27, 2016) |
| 06/17/2016 | Waiver of right of respondents Beaver County Employees Retirement Fund, et al. to respond filed. |
| 06/27/2016 | Brief amici curiae of Securities Industry and Financial Markets Association, et al. filed. (Distributed) |
| 06/27/2016 | Brief amici curiae of Law Professors, Elizabeth Cosenza, et al. filed. (Distributed) |
| 06/29/2016 | DISTRIBUTED for Conference of September 26, 2016. |
| 07/01/2016 | Response Requested. (Due August 1, 2016) |
| 07/20/2016 | Order extending time to file response to petition to and including August 24, 2016. |
| 08/24/2016 | Brief of respondents Beaver County Employees Retirement Fund, et al. in opposition filed. |
| 09/07/2016 | DISTRIBUTED for Conference of September 26, 2016. |
| 09/08/2016 | Reply of petitioners Cyan, Inc., et al. filed. (Distributed) |
| 10/03/2016 | The Acting Solicitor General is invited to file a brief in this case expressing the views of the United States. |
| 05/23/2017 | Brief amicus curiae of United States filed. |
| 06/05/2017 | Supplemental brief of petitioners Cyan, Inc., et al. filed. |
| 06/06/2017 | DISTRIBUTED for Conference of June 22, 2017. |
| 06/06/2017 | Supplemental brief of respondents Beaver County Employees Retirement Fund, et al. filed. (Distributed) |
| 06/26/2017 | DISTRIBUTED for Conference of June 26, 2017. |
| 06/27/2017 | Petition GRANTED. |
| 07/26/2017 | Blanket Consent filed by Respondents Beaver County Employees Retirement Fund, et al. |
| 08/03/2017 | The time to file the joint appendix and petitioners' brief on the merits is extended to and including August 28, 2017. |
| 08/03/2017 | The time to file respondents' brief on the merits is extended to and including October 13, 2017. |
| 08/11/2017 | Blanket Consent filed by Petitioners Cyan, Inc., et al. |
| 08/28/2017 | Brief of petitioners Cyan, Inc., et al. filed. |
| 08/28/2017 | Joint appendix filed. (Statement of costs filed) |
| 08/31/2017 | Brief amicus curiae of DRI - The Voice of the Defense Bar filed. |
| 09/05/2017 | Brief amicus curiae of Washington Legal Foundation filed. |
| 09/05/2017 | Brief amicus curiae of New York Stock Exchange LLC filed. |
| 09/05/2017 | Brief amici curiae of Alibaba Group Holding Limited, et al. filed. |
| 09/05/2017 | Brief amici curiae of Securities Industry and Financial Markets Association, et al. filed. |
| 09/05/2017 | Brief amici curiae of Business Roundtable, et al. filed. |
| 09/05/2017 | Brief amici curiae of Law Professors filed. |
| 09/05/2017 | Brief amici curiae of Former SEC Commissioners filed. |
| 10/06/2017 | SET FOR ARGUMENT ON Tuesday, November 28, 2017. |
| 10/13/2017 | Brief of respondents Beaver County Employees Retirement Fund, et al. filed. |
| 10/18/2017 | Record requested from the Court of Appeal of California First Appellate District. |
| 10/18/2017 | Record received from the Superior Court of California County of San Francisco. (1Box). |
| 10/19/2017 | CIRCULATED |
| 10/19/2017 | Brief amicus curiae of United States filed. (Distributed) |
| 10/20/2017 | Brief amici curiae of Institutional Investors filed. (Distributed) |
| 10/20/2017 | Brief amici curiae of Federal Jurisdiction and Securities Law Scholars filed. (Distributed) |
| 10/20/2017 | Brief amicus curiae of Public Citizen, Inc. filed. (Distributed) |
| 10/20/2017 | Brief amicus curiae of Los Angeles County Employees Retirement Association filed. (Distributed) |
| 10/20/2017 | Motion of the Solicitor General for leave to participate in oral argument as amicus curiae and for divided argument filed. |
| 11/06/2017 | Motion of the Solicitor General for leave to participate in oral argument as amicus curiae and for divided argument GRANTED. IN PART, and the time is to be divided as follows: 30 minutes for petitioners, 25 minutes for respondents, and 10 minutes for the Solicitor General. |
| 11/09/2017 | Record received from the Court of Appeal of California First Appellate District Division. (1 envelope), also part of the record is electronic. |
| 11/13/2017 | Reply of petitioners Cyan, Inc., et al. filed. (Distributed) |
| 11/22/2017 | Supplemental brief of respondents Beaver County Employees Retirement Fund, et al. filed.(Distributed) |
| 11/27/2017 | Motion of petitioners to strike the supplemental brief of respondents filed. |
| 11/27/2017 | Supplemental Brief of Cyan, Inc., et al. not accepted for filing. (January 08, 2018) |
| 11/28/2017 | Argued. For petitioners: Neal K. Katyal, Washington, D. C. For United States, as amicus curiae, in support of affirmance: Allon Kedem, Assistant to the Solicitor General, Department of Justice, Washington, D. C. For respondents: Thomas C. Goldstein, Bethesda, Md. |
| 01/08/2018 | Motion of petitioners to strike the supplemental brief of respondents is GRANTED. |
| 03/20/2018 | Adjudged to be AFFIRMED. Kagan, J., delivered the opinion for a unanimous Court. |
| 04/23/2018 | JUDGMENT ISSUED. |
| 04/23/2018 | MANDATE ISSUED. |
| 08/29/2018 | The record from the Court of Appeal of California First Appellate has been returned. |