Michael Gass Quoted in Law360

Michael Gass was recently quoted in "Attorneys React To High Court's Merrill Lynch Ruling" in Appellate Law360.  Michael discusses the recent US Supreme Court decision that federal securities laws don't preempt some claims from being brought in state court, upholding a Third Circuit ruling that sent a suit against a Merrill Lynch unit and other Wall Street firms back to a New Jersey state court.  He explains that the The Supreme Court’s Merrill Lynch decision resolves a split among the circuits regarding the breadth of Section 27 of the 1934 Act, and that the ruling will make it easier for plaintiffs to avoid the federal courts, which present various barriers to federal securities law claims, by couching those claims as state law actions.