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” … [Read more...]
Post-Game Analysis of Morrison v. National Australia Bank. Read the Transcript Here
"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. … [Read more...]