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The federal court in Manhattan has subject matter jurisdiction over a class action suit in which foreign plaintiffs accused France's Vivendi Universal of violating U.S. securities law, Southern District of New York Judge Richard Holwell ruled last week. One securities attorney says the decision supports a growing body of case law making it easier for foreign plaintiffs to adjudicate their securities cases in domestic courts.
November 02, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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