# kaal:claim:2029983-005

**Claim.** Because Morrison limits U.S. securities law to transactions inside the United States, plaintiffs' attorneys are predicted to look increasingly to European countries and other venues in which to file securities class actions and similar suits.

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

**Holds when.**

- holds for private securities class actions after Morrison

**Source quote.**

> As a result of the Morrison decision, limiting application of U.S. securities laws to transactions inside the United States, plaintiffs' attorneys may increasingly look to European coun- tries and other venues to file securities class actions and simi- lar suits.

**From.** Wulf A. Kaal, Richard W. Painter, *Forum Competition and Choice of Law Competition in Securities Law after Morrison v. National Austral* (2012), Introduction, page 6

**Cite as.** Wulf A. Kaal, Richard W. Painter, Forum Competition and Choice of Law Competition in Securities Law after Morrison v. National Austral (2012). SSRN: https://ssrn.com/abstract=2029983

**Verify.** sha256 of source PDF `fde2ff611420eb283cbb49a6b681a2ae8efa2b4603ae71480e2d91483f0295f2` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Painter%20-%202012%20-%20Forum%20Competition%20and%20Choice%20of%20Law%20Competition%20in%20Securities%20Law%20after%20Morrison%20v.%20National%20Austral.pdf

**Topics.** securities-law

**Keywords.** morrison, forum-shopping, securities-class-actions, europe, plaintiffs-bar

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