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Securities Litigation City of Pontiac

Akin Gump Strauss Hauer & Feld LLP

Second Circuit Limits Extraterritorial Application of Federal Securities Laws

On May 6, 2014, the U.S. Court of Appeals for the Second Circuit issued its opinion in City of Pontiac Policemen’s and Firemen’s Retirement System v. UBS AG, No 12-4355, slip op. (2d Cir. May 6, 2014) (“City of Pontiac”), a...more

Bracewell LLP

Second Circuit Clarifies the Limits on The Extraterritorial Application of U.S. Securities Laws

Bracewell LLP on

On May 6, 2014, the U.S. Court of Appeals for the Second Circuit affirmed the dismissal of a putative securities class action brought by purchasers of foreign issued-securities on a foreign exchange. City of Pontiac...more

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