Foreign Courts Eyed For Class Actions Post-Morrison

Law360, New York (October 1, 2010, 1:48 PM EDT) -- The U.S. Supreme Court's recent decision effectively barring “foreign-cubed” securities cases makes foreign jurisdictions with class action mechanisms, such as the Netherlands and Canada, increasingly attractive venues for parties looking to enter global settlements, some attorneys say.

While it remains to be seen whether the high court's June decision in Morrison v. National Australia Bank Ltd. et al. will open the floodgates to class claims in foreign jurisdictions, the ruling has at least put the spotlight on the viability of non-U.S. venues to deal with cases...
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