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Overseas Securities Litigation Is Coming Of Age

Law360, New York (February 18, 2016, 10:17 AM EST) -- More than five years ago, the U.S. Supreme Court limited the scope of United States securities laws in Morrison v. National Australia Bank Ltd.[1] The decision effectively barred plaintiffs from asserting claims in the United States over foreign companies traded on non-U.S. exchanges. As a result, Morrison drastically reduced investor protections for nearly all securities purchased on a foreign exchange.

Although momentous, Morrison did not immediately trigger a sea change in securities litigation. Even in 2015, the majority of worldwide securities actions were still filed within...
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