NEW:  The D&O Diary’s Kevin LaCroix discusses the consequences of SCOTUS’s Cyan, Inc., et al. v. Beaver County Employees Retirement Fund, et al., No. 15-1439, opinion (U.S. Mar. 20, 2018), for stockholder class actions filed in state Courts in Cyan Compels Remand of Previously Removed State Court Securities Suits.

The D&O Diary’s Kevin LaCroix discusses multiple stockholder class actions filed in state and federal Courts against SmileDirectClub, challenging allegedly false and misleading disclosures its registration statement following its September 2019 IPO as illustrative of problems created by SCOTUS’s Cyan, Inc., et al. v. Beaver County Employees Retirement Fund, et al., No. 15-1439, opinion (U.S. Mar. 20, 2018), in Multiplied and Parallel Litigation: The Mess that Cyan has Wrought.