# kaal:claim:1765901-024

**Claim.** There is a substantial likelihood that U.S. courts will read the Dodd-Frank Act as giving some extraterritorial effect to SEC and DOJ suits, so Morrison cannot be expected to survive intact in actions brought under Section 929P(b).

**Type.** predictive  **Support.** argued

**Holds when.**

- enforcement suits brought by the SEC or DOJ

**Source quote.**

> There is substantial likelihood that U.S. courts could find that Congress has provided for some extraterritorial effect for SEC and DOJ suits in the Dodd-Frank Act and that therefore Morrison cannot be upheld in its entirety in suits by the SEC or the DOJ under Section 929P(b).

**From.** Kaal and Painter, *The Aftermath of Morrison v. National Australia Bank and Elliott Associates v. Porsche* (2011), III. The Dodd-Frank Act; 1. What Does Section 929P(b) Do?, page 19

**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

**Verify.** sha256 of source PDF `7b08b8a15f7d72b4eeed41be2d17c20428cb4727269077a6575c5d22e31ecdc5` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Painter%20-%202011%20-%20The%20Aftermath%20of%20Morrison%20v.%20National%20Australia%20Bank%20and%20Elliott%20Associates%20v.%20Porsche.pdf

**Topics.** institutional-design

**Keywords.** dodd-frank, section-929p, extraterritoriality, judicial-interpretation

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