Recent Posts

High Court: United States Lacks Subject Matter Jurisdiction In Securities Class Action
Posted on 28 Jun 2010 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) Ruling that Section 10(b) of the Securities Exchange Act of 1934 does not provide a cause of action "to foreign plaintiffs suing foreign and American defendants for misconduct in connection with securities traded... Read More

Supreme Court Hears Argument On Jurisdiction Questions In Securities Case
Posted on 30 Mar 2010 by Timothy Raub

WASHINGTON, D.C. — (Mealey’s) The U.S. Supreme Court heard oral argument March 29 on the question of whether the United States has subject matter jurisdiction over a class action lawsuit filed by shareholders of an Australian bank who alleged... Read More