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Expert Analysis

Foreign Securities Class Actions 10 Years After Morrison

By Jared Gerber, Roger Cooper and Andy Bernstein ( September 24, 2020, 6:22 PM EDT) -- Ten years ago, the U.S. Supreme Court issued its landmark decision in Morrison v. National Australia Bank Ltd., which limited the extraterritorial application of the federal securities laws in order to prevent the U.S. from becoming "the Shangri-La of class-action litigation for lawyers representing those allegedly cheated in foreign securities markets."[1]...

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