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. 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 U.S. jurisdictions. Yet due to Morrison's preclusive effect, there are increasingly more instances where U.S....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!