Foreign Companies Ask High Court To Consider Federal Court Jurisdiction

WASHINGTON, D.C. - Chinese producers and exporters of magnesite on Jan. 5 asked the U.S. Supreme Court to review a Third Circuit U.S. Court of Appeals ruling that the Foreign Trade Antitrust Improvements Act of 1982 (FTAIA), which provides that the Sherman Act does not apply to conduct involving trade or commerce with foreign nations, "imposes a substantive merits limitation rather than a jurisdictional bar" (China Minmetals Corporation, et al. v. Animal Science Products, Inc., et al., No. 11-846, U.S. Sup.; Sinosteel Corporation, et al. v. Animal Science Products, Inc., et al., No. 11-847, U.S. Sup.; See August 2011). Full story on lexis.com