The U.S. Supreme Court ruled yesterday that America’s main law against securities fraud does not apply to investment deals that occur outside of this country, even if they have some domestic impact or effect. In the opinion, the Court declared that U.S. securities fraud law cannot be used in American courts to challenge a “transnational” securities… Continue Reading
Tag Archives: morrison v. National Australia Bank
Post-Game Analysis of Morrison v. National Australia Bank. Read the Transcript Here
Posted in Dispute Resolution, International Banking, International Litigation"I mean, this case is Australian plaintiff, Australian defendant, shares purchased in Australia. It has ‘Australia’ written all over it." — Justice Ginsburg, March 29, 2010 Following up on yesterday’s pre-game analysis of oral argument in Morrison v. National Australia Bank, Hannah Buxbaum over at the Conglomorate blog, has posted an excellent post-game analysis… Continue Reading