The Legal Counselor - Securities Cases Against Foreign Corporations: U.S. Supreme Court Decision

Forever changing the landscape of securities cases against foreign corporations, on June 25, 2010, the U.S. Supreme Court issued its decision in Morrison v. Nat'l Australia Bank Ltd. Morrison sounds a death knell for the conducts test and effects test, which originated from the Second Circuit's analysis of the extraterritorial application of the Securities Exchange Act. Writing for the majority decision was Justices Scalia, Roberts, Kennedy, Thomas, and Alito. The issue presented to the U.S. Supreme Court was whether §10(b) of the Securities Exchange Act had extraterritorial application.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

more+
less-

Michael Diaz Jr. - Diaz Reus International Law Firm on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×