United States Supreme Court Limits Extraterritorial Reach Of Private Federal Securities Claims | Corporate & Securities Law Blog

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Defendants’ argument was largely based on the 2010 decision by the US Supreme. federal courts for fraudulent conduct in connection with the sale of foreign securities, even if part of the.

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Kenneth Anderson is a professor of law at Washington College of Law, American University. A striking feature of Kiobel II, the Supreme Court. of the United States, and such statutes as the ATS,

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The U.S. Supreme Court. exclusively state law claims. They further assert that class actions brought pursuant to the Securities Act may thereby be brought in state court and such actions are barred.

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