- Category
- Client Alerts
- Date
- July 07, 2010
- Title
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Securities Litigation Alert: Supreme Court Closes Door to Foreign-Cubed Securities Lawsuits in U.S. Courts
In a significant recent ruling, the Supreme Court held in Morrison v. National Australia Bank, Ltd. that the U.S. securities laws do not extend to so-called “foreign-cubed” securities lawsuits. The decision has global implications for foreign investors and foreign financial institutions and effectively bars claims not “transacted” in the United States from U.S. securities laws. See attached alert for further information.
Media Attachments
Related People
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Arthur H. Aufses III
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- Counsel
- Co-author
- New York
- vcard
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Alan R. Friedman
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- Counsel
- Co-author
- New York
- vcard
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