Public Pension Plans Take Shareholder Litigation International
Pensions & Investments
July 21, 2014
Eric J. Belfi discusses how overseas litigation is “a new frontier” for U.S. institutional investors
According to the article, a 2010 Supreme Court decision which ruled that lawsuits against companies involving foreign-bought securities could not be brought in federal U.S. courts, U.S. public pension funds have started looking overseas when considering litigating over losses.
“The larger funds have absolutely jumped on this issue,” said Firm partner Eric J. Belfi, a partner with Labaton Sucharow LLP in New York, whose firm tracks potential or developing cases abroad, and helps public pension funds decide whether to get involved.