In Morrison v. National Australia Bank (08-1191), the Court affirms in an opinion by Justice Scalia. The vote is unanimous, but with two concurring opinions by Justice Breyer and by Justice Stevens, joined by Ginsburg. Justice Sotomayor took no part in the case.
Holding: The statute in question does not provide a cause of action to foreigners who sue foreign and American defendants for misconduct regarding securities trading on a foreign exchange.
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