Levi & Korsinsky

Class Action News

Eduard Korsinsky: NY Securities Rulings Don’t Constitute Cyan Backlash

Levi & Korsinsky, LLP

April 9, 2021

Eduard Korsinsky, Managing Partner and Attorney at Levi & Korsinsky, LLP disagrees with premise of a recent Law360 article regarding two recent decisions made by the New York Appellate Division in prospective class actions brought under the federal Securities Act, In the Matter of Sundial Growers Inc. and Lyu v. Ruhnn Holdings Ltd. The decisions suggest that there is a growing backlash against the influx of such suits into state courts following the U.S. Supreme Court’s 2018 decision in Cyan Inc. v. Beaver County Employees Retirement Fund.

Eduard Korsinsky’s Career as a Class Action Attorney

Eduard Korsinsky got his LL.M. Expert of Law(s) Taxation from New York University School of Law in 1997 and his J.D. from Brooklyn Law School in 1995. For over 20 years Mr. Korsinsky has addressed customers in protection cases, subsidiary activities, buyer extortion, and complex business matters. He has accomplished critical recuperations for investors, including a $79 million recuperation for investors of E-Trade Financial Corporation and an installment stepping stool repaying financial backers of Google, Inc. up to $8 billion in misfortunes.


He has been named a New York “Super Lawyer” by Thomson Reuters and is perceived as one of the nation’s driving experts in class activity and subordinate issues. Mr. Korsinsky additionally filled in as a proofreader of the American Bar Affiliation’s Securities Litigation Section’s bulletin and is an individual from the American Bar Association’s Derivative Suits Subcommittee.


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