kaal:claim:1765901-008

Permitting Section 10(b) suits over dually listed securities traded outside the United States would undermine Morrison's own policy rationale, because it would interfere with the laws of other countries and turn the United States into a haven for plaintiffs' lawyers suing over foreign exchange purchases.

Source quote, verbatim
Furthermore, allowing Section 10(b) suits over dually listed securities traded outside the United States would undermine the strongest policy arguments discussed in the Morrison opinion -that applying Section 10(b) to foreign exchanges would interfere with the laws of other countries
From

Kaal and Painter, The Aftermath of Morrison v. National Australia Bank and Elliott Associates v. Porsche (2011), II. Open Questions After Morrison; 1. Does Section 10(b) Apply to Dually Listed Securities?, p. 6
https://ssrn.com/abstract=1765901 · source PDF

Cite as

Kaal and Painter, The Aftermath of Morrison v. National Australia Bank and Elliott Associates v. Porsche (2011). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1765901

Holds when
Classification

failuresupport: arguedfailure: plaintiff-haven-effectfamily: othersecurities-law

Related claims
Verify

The quote above is an exact substring of the source PDF, whose sha256 is 7b08b8a15f7d72b4eeed41be2d17c20428cb4727269077a6575c5d22e31ecdc5. Extraction method: ocr.
Attestation record: colloquium/attestations/99d1c2603bc0b8c1...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/1765901-008.md | sha256sum