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6 Mar 2017, 4:26 pm
Application of the Morrison Framework in the Lower Courts Although the Supreme Court purported to establish a “bright-line” test in Morrison, the decision left lower courts with limited guidance as to how to apply the framework to cases that did not precisely match the facts of that case: a foreign plaintiff bought stock of a foreign company, and the alleged wrongful conduct took place on foreign soil (known as an “F-Cubed case”). [read post]