Sphere 3D Corp. (ANY)

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http://www.law360.com/articles/745467

Justices Say Federal Securities Laws Don’t Limit State Suits
By Carmen Germaine

Law360, New York (May 16, 2016, 10:11 AM ET) -- The U.S. Supreme Court unanimously ruled Monday that federal securities laws don't preempt certain claims from being brought in state court, in a decision that allows a shareholder suit against a Merrill Lynch unit and other Wall Street firms to proceed in New Jersey state court on claims they engaged in a manipulative short-selling campaign against them. Voting unanimously, the justices said the Securities Exchange Act does not block shareholders in Escala Group Inc. from bringing their claims in a New Jersey court under the state's... To view the full article, register now. Try for free 7 days