Supreme Court To Take Up 'Foreign-Cubed' Case

Law360, New York (November 30, 2009, 1:01 PM EST) -- The U.S. Supreme Court has agreed to hear a case examining the question of whether anti-fraud provisions of U.S. securities laws should extend to transnational securities issues, breaking with the opinion of the solicitor general that the high court should skip the case.

In an order issued Monday, the high court revealed that it would review the questions presented by Morrison et al. v. National Australia Bank et al., a case that centers on a shareholder lawsuit against an American mortgage service provider and its Australian...
To view the full article, register now.