By Joel Rothman and Peter Saparoff ( January 7, 2019, 1:39 PM EST) -- In the wake of the U.S. Supreme Court's Morrison v. National Australia Bank[1] decision, institutional investors cannot rely on the U.S. class action system to recover for losses on securities traded on foreign exchanges. In a subset of cases involving foreign issuers, investors can pursue a U.S. class action covering trades in American depository shares, or ADS, where the foreign company's ADS trade domestically....
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