To win a decision from the Second Circuit that could pave the way for investors to recover billions from the Republic of Argentina, Olson had to overcome fierce objections not only from Argentina, but also from the U.S. Department of Justice.

Longtop Financial Technologies, the Chinese company whose fortunes were upended last year by a billion-dollar accounting scandal, has yet to file an appearance in federal multidistrict litigation accusing it of massive securities fraud. After reading the most recent opinion in the case, we can understand why Longtop might be avoiding U.S. courts.