Toyota Shareholders Add Japanese Securities Count

Law360, New York (October 6, 2010, 1:08 PM EDT) -- Lawyers pursuing a consolidated securities case against Toyota Motor Corp. have filed an amended complaint alleging the company engaged in violations of Japan's Financial Instruments and Exchange Act.

The new Japan-related language in the complaint, filed Monday in the U.S. District Court for the Central District of California, comes on the heels of the U.S. Supreme Court's ruling in Morrison v. National Australia Bank Ltd. in June. That decision effectively barred securities claims brought by foreign plaintiffs against foreign companies (so-called f-cubed claims) in American courts....
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