Morrison v. National Australia Bank

U.S. Supreme Court Opinion June 24, 2010

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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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Published In: Civil Procedure Updates, General Business Updates, Conflict of Laws Updates, Finance & Banking Updates, Securities Updates

Reference Info:Decision | Federal, U.S. Supreme Court | United States

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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