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27 Jun 2010, 9:54 am by William S. Dodge
National Australia Bank is a landmark opinion, not just because the Supreme Court addresses here, for the first time, the extraterritorial reach of U.S. securities law, but also for what the opinion tells us more generally about the presumption against extraterritoriality. [read post]
26 Jun 2010, 4:59 pm by Hedge Fund Lawyer
 The 5 nonvoting members include OFR, FIO, and state banking, insurance, and securities regulators. [read post]
26 Jun 2010, 11:40 am by Rick
The Social Security Act did not yet exist. [read post]
25 Jun 2010, 2:13 pm by Gene Quinn
Still further, Rich explained that even the district court case frequently cited as establishing the business method exception, Hotel Security Checking Co. v. [read post]
25 Jun 2010, 1:13 pm by admin
National Australia Bank. [read post]
25 Jun 2010, 12:41 pm by Larry Ribstein
  For example, it leaves unprotected US citizens who purchase or sell securities outside the United States. [read post]
25 Jun 2010, 9:22 am by James Hamilton
Excessive risk taking by AIG and certain monoline insurance companies that provided protection against declines in the value of such asset backed securities, as well as poor counterparty credit risk management by many banks, saddled the financial system with an enormous unrecognized level of risk. [read post]
25 Jun 2010, 8:30 am by Lucas A. Ferrara, Esq.
"       About the Partnership for New American Economy: The coalition will work with Congress and the White House to pass legislation that embodies the following principles: Secure our borders and prevent illegal immigration through tougher enforcement and better use of technology; Develop a simple and secure system for employers to verify employment eligibility and hold businesses that are not compliant, or abuse visa programs, accountable… [read post]
25 Jun 2010, 8:12 am by Margaret Sachs
For example, it leaves unprotected US citizens who purchase or sell securities outside the United States. [read post]
25 Jun 2010, 8:01 am by Margaret Sachs
  For example, it leaves unprotected US citizens who purchase or sell securities outside the United States. [read post]
25 Jun 2010, 7:54 am by John Elwood
National Australia Bank, 08–1191, may be as significant (although I have my doubts, as set forth below, about its potential long-term impact). [read post]
25 Jun 2010, 7:20 am
Some legal systems operate a hybrid approach; in the United Kingdom preferential creditors have priority over secured creditors whose security is in the nature of a floating charge, but creditors with fixed security take ahead of the preferential creditors generally. [read post]
The “focus” of the statute, the Court ruled, is “upon purchases and sales of securities in the United States”; as a result, the statute “reaches … only … the purchase or sale of a security listed on an American stock exchange, and the purchase or sale of any other security in the United States. [read post]
25 Jun 2010, 6:00 am by Lucas A. Ferrara, Esq.
ATTORNEY GENERAL CUOMO ANNOUNCES JUDGMENT PERMANENTLY SHUTTING DOWN UNITED HOMELESS ORGANIZATION, INC. [read post]
25 Jun 2010, 5:48 am by Broc Romanek
National Australia Bank, No. 08-1191, the Court ruled that "Foreign-Cubed" securities class actions--private actions brought on behalf of foreign purchasers of foreign companies' securities that were sold on foreign exchanges--may not be litigated in United States courts under Section 10(b) of the Securities Exchange Act. [read post]
24 Jun 2010, 3:41 pm by Jay D. Dean
National Australia Bank, the Supreme Court today gave a huge gift to corporate wrongdoers. [read post]
24 Jun 2010, 2:43 pm by Lyle Denniston
” Section 10-b of the Securities Exchange Act of 1934, the law at issue, does not “focus…upon the place where the deception originated, but upon purchases and sales of securities in the United States,” the Court ruled in a case involving an Australian bank and Australian investors, whose complaint has a link to faulty financial information generated in Florida.. [read post]