High court thumbs nose at investors
Tags: ACTIONS & defenses (Law); STOCKHOLDERS' pre-emptive rights; MORRISON v. National Australia Bank Ltd. (Supreme Court case)
Related Articles
- MORRISON V. NATIONAL AUSTRALIA BANK: LIFE AFTER DODD-FRANK. Elgadeh, Meny // Fordham Journal of Corporate & Financial Law;2011, Vol. 16 Issue 3, p573
No abstract available.
- Do Extraterritorial RICO Claims Still Exist in a Post-Morrison World? LEONARD, PATRICIA A.; RODRIGUEZ-ALBIZU, GERARDO J. // Federal Lawyer;Oct/Nov2012, Vol. 59 Issue 8, p60
The article presents information on the Racketeer Influenced and Corrupt Organizations Act (RICO) of the U.S. Constitution with reference to the trial of Morrison v. National Australia Bank, Ltd. The application of extraterritoriality in the case of RICO and the enterprise approach and predicate...
- Morrison v National Australia Bank and its Progeny: US Capital Markets Become Safer and More Hospitable for Non-US Corporates. // Venulex Legal Summaries;2012 Q2, Special section p1
The article discusses the court case Morrison v. National Australia Bank, wherein the U.S. Supreme Court overturned U.S. federal case law interpreting the U.S. anti-fraud provisions and rejected the conducts and effects approach. It considers the case as a signal that U.S. capital markets are...
- Like Moths to a Flame? International Securities Litigation After Morrison: Correcting the Supreme Court's "Transactional Test". Ventoruzzo, Marco // Virginia Journal of International Law;Feb2012, Vol. 52 Issue 2, p405
Because of the broad jurisdiction American courts have asserted in cases arising under the Securities Exchange Act of 1934, they have been called a Shangri-la for "foreign-cubed" class actions with little connection to the United States. Over the past forty years, the standards used by American...
- Closing Time: You Don't Have to Go Home, But You Can't Stay Here. Bernstein, Richard D.; Dugan, James C.; Addison, Lindsay M. // Business Lawyer;Aug2012, Vol. 67 Issue 4, p957
In a significant trend, U.S. courts are increasingly rejecting cases involving foreign plaintiffs or foreign conduct. This trend was accelerated by the U.S. Supreme Court's decision in Morrison v. National Australia Bank Ltd., which established that U.S. securities laws cannot be applied...
- Forum Competition and Choice of Law Competition in Securities Law After Morrison v. National Australia Bank. Kaal, Wulf A.; Painter, Richard W. // Minnesota Law Review;2012, Vol. 97 Issue 1, p132
The article discusses jurisdictional (forum) competition and choice of law competition in securities law cases in the U.S. in the wake of the U.S. Supreme Court's ruling in the case Morrison v. National Australia Bank Ltd. as of November 2012. In Morrison, the court determined that the antifraud...
- MORRISON V. DODD-FRANK: DECIPHERING THE CONGRESSIONAL REBUTTAL TO THE SUPREME COURT'S RULING. Wu, Jennifer // University of Pennsylvania Journal of Business Law;Fall2011, Vol. 14 Issue 1, p317
The article discusses the decision of the U.S. Supreme Court case of Morrison v. National Australia Bank Ltd., in which the court upheld the presumption against extraterritorial application of law three weeks after the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act...
- Legal Notes. // Accountancy;Jan1965, Vol. 76 Issue 857, p37
This article details two court cases in Great Britain which dealt with corporate law and executorship law and trusts. In Rights & Issues Investment Trust Ltd. versus Stylo Shoes Ltd., a minority shareholder of a class of shares with minor voting rights sought to prevent an increase in the voting...
- Boland v. Boland -- The Court of Appeals Raises the Standard in Derivative Lawsuits. Metro, A. Howard; Cascio, Ginny // Maryland Bar Journal;Jul/Aug2012, Vol. 45 Issue 4, p4
The article focuses on the Maryland court case Boland v. Boland, which dealt with derivative lawsuits brought by corporate shareholders. Topics include claims of frivolous spending, the standards of procedural fairness, and good faith dealings. Information is provided on the rights of minority...
