Foreign Securities Fraud PLI

July 9, 2010

Mr. Dubbs discussed the impact of the Morrison v. National Australia Bank Ltd. Supreme Court decision, and answered a range of important questions such as:

Will the decision create incentives or disincentives for foreigners to invest in the US or in US companies?

Does the decision limit the enforcement power of the Securities and Exchange Commission to pursue fraudulent activity outside the US? If so, to what extent?