kaal:claim:1664809-027

If section 7216 extends US securities fraud provisions to non-US securities transactions, European financial intermediaries could become the dominant target for plaintiffs' attorneys.

Source quote, verbatim

intermediaries could become the dominant target for plaintiff's

From

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010), 4.4. European Financial Intermediaries, p. 6
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

enactment of section 7216 covering non-US transactions

Classification

predictivesupport: arguedlaw-and-legal-systemssecurities-law

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