kaal:claim:1664809-004

Allowing foreign plaintiffs to sue foreign defendants in US courts over securities purchased and sold in foreign countries would turn the United States into the global arbiter of securities fraud allegations.

United States into the global arbiter of securities fraud allegations,

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010), 2. MORRISON V. NATIONAL AUSTRALIA BANK, p. 2
https://ssrn.com/abstract=1664809 · source PDF

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010). SSRN: https://ssrn.com/abstract=1664809

• foreign cubed litigation permitted in US courts

failuresupport: arguedfailure: global-arbiter-effectfamily: jurisdictional-conflictlaw-and-legal-systemssecurities-law

• extended_by kaal:claim:1765901-033 Changing national rules in a spirit of cooperation among states and regulators is more productive for preventi...
• supported_by kaal:claim:2029983-040 Although many jurisdictions may protect investors less well than the United States, it is not at all certain t...
• generalizes kaal:claim:1765901-008 Permitting Section 10(b) suits over dually listed securities traded outside the United States would undermine ...
• restated_by kaal:claim:1765901-031 Extending private rights of action extraterritorially would expose non-U.S. companies to Section 10(b) liabili...

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