kaal:claim:1664809-018

Applying section 10(b) and Rule 10b-5 together with the fraud on the market theory substantially increases the potential liability of issuers and can lead to questionable results, which is why EU jurisdictions may not want that rule applied to their securities markets.

Source quote, verbatim

theory substantially increases the potential liability of issuers and

From

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010), 4.1. European Jurisdictions and European Companies, p. 4
https://ssrn.com/abstract=1664809 · source PDF

Cite as

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

Holds when

securities markets subjected to US antifraud litigation

Classification

failuresupport: arguedfailure: inflated-issuer-liabilityfamily: compliance-cost-and-barrier-to-entrylaw-and-legal-systemseconomicsrisk-and-incentives

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