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Canadian Courts Struggle with Jurisdictional Issues in Securities Suits

The question of when domestic securities laws provide remedies for investors who purchased their shares in foreign companies on foreign exchanges vexed U.S. courts for years until the U.S. Supreme Court sorted out the issues in Morrison v. National Australia Bank [ an enhanced version of this opinion...

Morrison, RICO and Extraterritorial Reach

In the wake of Morrison v. National Australia Bank Ltd., 130 S. Ct. 2869 (2010) [ an enhanced version of this opinion is available to lexis.com subscribers ], a critical question has been whether a statute has extraterritorial reach. In Morrison the Court rejected a claim that Exchange Act Section 10...

Applying Morrison, Second Circuit Affirms UBS Credit Crisis Securities Suit Dismissal

After the U.S. Supreme Court issued its opinion in Morrison v. National Australia Bank [, 130 S. Ct. 2869 (2010) an enhanced version of this opinion is available to lexis.com subscribers ], the plaintiffs’ lawyers developed a number of theories to try to circumvent Morrison to assert claims under...