The Supreme Court has put new limits on foreign investors who want to use U.S. securities law and U.S. courts to sue foreign firms for fraud. The justices ruled today that foreigners may not sue American or foreign firms for misconduct in connection with securities traded on foreign exchanges. The decision could affect an ongoing lawsuit against the Paris-based Vivendi media group, in which plaintiffs have estimated potential payout to investors at $9.3 billion.
June 24, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The Supreme Court has put new limits on foreign investors who want to use U.S. securities law and U.S. courts to sue foreign firms for fraud.
The Court said today that foreigners may not sue American or foreign firms for misconduct in connection with securities traded on foreign exchanges.
Presented by BigVoodoo
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
Consulting Magazine recognizes leaders in technology across three categories Leadership, Client Service and Innovation.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
