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Download FRT’s International Group Actions Whitepaper
The Morrison v. National Australia Bank case has changed the global landscape of class action recoveries. In June, 2010, the U.S. Supreme Court ruled that securities within the U.S. are no longer within U.S. jurisdiction, effectively barring investors who purchase securities on a foreign exchange from filing U.S. class actions.
An important consequence of the decision was to increase the time and attention investors must allocate to evaluation potential litigation in non-U.S. jurisdiction.
Download the report to gain insight into how the Morrison case has changed the landscape for international group action recoveries.
- Non-U.S. group actions are less publicized than U.S. cases, which makes them very difficult to identify and monitor
- Successfully navigating securities litigation outside of the U.S. requires a comprehensive understanding of the legal mechanisms in each jurisdiction
- The term "international class action" refers to many different forms of litigation, as most foreign jurisdictions lack true class action laws