International Business Law Advisor Insights on International Litigation & Transactions

Tag Archives: class action

U.S. Supreme Court to Decide Whether Foreign Plaintiffs Can Use American Courts to File International Securities Class Actions.

By Santiago A. Cueto on Posted in International Litigation

F-Cubed Securities Class Actions Put to the Test Today the Supreme Court will hear argument in Morrison v. National Bank of Australia. The case centers on so called “F-Cubed” securities class actions.  As Ashby Jones, of the Wall Street Journal Law Blog explains “the term “F-Cubed” refers to securities class action cases that are largely… Continue Reading

Ecuador Class Action Plaintiffs Strike Back at Chevron’s Cynical Game of Musical Jurisdictions

By Santiago A. Cueto on Posted in International Arbitration, International Litigation

The arc of the moral universe is long but it bends toward justice — Martin Luther King, Jr. The seventeen-year war between Ecuador’s 30,000 class plaintiffs against oil giant Chevron  continues its global odyssey, as the oil giant pulls out every trick in the book to avoid an impending $27 Billion judgment against it in… Continue Reading

Why the European Union Should Allow Class Action Lawsuits

By Santiago A. Cueto on Posted in International Litigation

 American innovation spawned the personal computer, the internet and the Ipod.  All radically changed the way the world accessed information. Under a proposed EU Directive, another American innovation—the class action lawsuit—may radically change the way EU consumers’ access justice. Under the proposal presented by the EU Commission, consumers who suffer at the hands of companies… Continue Reading

What Do Halley’s Comet and “F-Cubed” Securities Class Action Trials Have in Common?

By Santiago A. Cueto on Posted in International Litigation

***Update January 29, 2010*** "The jury in the long-running securities class action lawsuit against Vivendi has resulted in a verdict against the company on all 57 of the plaintiffs’ claims. However, the jury also found that the two individual defendants, former Vivendi CEO Jean Marie Messier and former Vivendi CFO, were not liable. The jury’s… Continue Reading