On June 24, the U.S. Supreme Court decided inMorrison v. National Australia Bank Ltd., No. 08-1191, 2010 WL 2518523 (June 24, 2010), that ' 10(b) of the Securities
F-Cubed=0
Recently, the U.S. Supreme Court decided that ' 10(b) of the Securities Exchange Act of 1934 does not provide a cause of action to foreign plaintiffs to recover investment losses relating to foreign-issued securities traded on foreign exchanges (colloquially known as "F-cubed" claims).
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