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Expert Analysis

How Morrison V. Australia Bank Was Applied In Petrobras

Law360, New York (February 16, 2016, 10:44 AM EST) -- The United States District Court for the Southern District of New York this month certified two classes of investors who had purchased Petrobras securities on U.S. exchanges or in other U.S. transactions. The Feb. 2, 2016, decision in In re Petrobras Securities Litigation held that potential questions about whether foreign courts would recognize a U.S. class action judgment and whether individual off-exchange purchasers bought their Petrobras securities in U.S. transactions did not preclude class certification....

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