By Andrew Ehrlich, Audra Soloway and Daniel Sinnreich ( May 23, 2025, 3:06 PM EDT) — On April 23, the Court of Appeal of the State of California, Fourth Appellate District, affirmed the dismissal of claims brought under Sections 11 and 15 of the Securities Act of 1933 against an issuer and its underwriters based on a federal forum provision, or FFP, in the issuer’s articles of incorporation….
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