By Shaama Pandya, Brendan Rudolph and Iris Jiang ( September 12, 2019, 4:27 PM EDT) -- In Morrison v. National Australia Bank,[1] the U.S. Supreme Court held that Section10(b) of the Securities Exchange Act of 1934, and by extension, Rule 10b-5, only applies to "transactions in securities listed on domestic exchanges, and domestic transactions in other securities."[2] This greatly reduced the exposure foreign issuers faced from U.S. securities litigation.[3]...
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