After a hostile reception by the Justices at oral arguments, plaintiffs lawyers doubted the high court would endorse U.S. securities claims by foreign investors who bought shares of foreign companies on foreign exchanges. They just prayed the damage would be limited. Those hopes were dashed by the Court's unanimous ruling Thursday. We've got analysis from the lawyers who argued both sides at the Court.

District Judge Harold Baer, Jr. U.S. DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK For Plaintiff: Pro se For the Defendant: Kevin A. Madden Assistant

U.S. District Court Southern District of New York Judge Bernstein This case involves the application of the doctrine of excusable neglect to a late class proof of clai

The Global Lawyer last examined the broad impact of Morrison v. National Australia Bank in the U.S. federal courts, and the limited prospects for state law workarounds for world-spanning securities claims. Where else in the world might global securities class actions be filed? And could an international treaty someday govern them?

Bankruptcy Judge Burton R. Lifland U.S. DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Appearances: Attorneys for Defendant Irving H. Picard, Trustee for the Substa