U.S. Supreme Court Restricts Foreign Investors’ Access to U.S. Securities Laws in Morrison v. National Australia Bank, Ltd. – Will Congress Reinstate It?

28 June 2010
Download PDF
This client update discusses the implications of the Supreme Court's ruling in Morrison v. National Australia Bank that foreign nationals who purchase securities of a foreign issuer on a foreign exchange -- so-called F-Cubed plaintiffs -- cannot pursue claims under Section 10(b) of the Securities Exchange Act, and the impact on that ruling of the proposed Dodd-Frank Act.