The U.S. District Court for the Central District of California held on January 7, 2022 that the federal securities laws do not apply to U.S. transactions in unlisted, unsponsored American Depositary Receipts (“ADRs”) for a...more
1/11/2022
/ Accounting Fraud ,
American Depository Receipts (ADRs) ,
Common Stock ,
Enforcement Actions ,
Foreign Exchanges ,
Foreign Issuers ,
Japan ,
Putative Class Actions ,
Securities Regulation ,
Securities Transactions ,
Unlisted Securites
On May 6, 2014, the U.S. Court of Appeals for the Second Circuit issued a decision clarifying the applicability of the anti-fraud provisions of the Securities Exchange Act of 1934 to transactions in foreign securities. The...more