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"Supreme Court Justices Hostile to 'Foreign-Cubed' Cases"

"U.S. Supreme Court justices appeared hostile on Monday toward so-called "foreign-cubed" securities fraud class actions in which the plaintiffs and stock issuers are foreign and the alleged fraud took place on foreign soil." [Tony Mauro, NLJ; Roger Alford, Opinio Juris; Business Week] Austen Parrish at Prawfsblawg links a number of academic articles on the extraterritorial application of federal law (& see update and followup), while Kirk Hartley has some big picture observations. Earlier on "f-cubed" securities actions here, here, here, and here, and on extraterritoriality, of both the international and interstate kind, here. More: Hannah Buxbaum, The Conglomerate.



Rafael Mangual
Project Manager,
Legal Policy

Katherine Lazarski
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.