In the famous Morrison v. National Australia Bank case, Justice Scalia mounted an attack on plaintiffs with tenuous connection to U.S. capital markets and attempted to rein in class actions against international corporations. Despite Morrison's broad implications, there is no consensus on its...

In recent years securities markets have become increasingly interconnected, and securities fraud frequently crosses borders. The United States' well-developed private enforcement mechanism for securities fraud is very attractive to investors around the world who are harmed by transnational...

With its 2010 decision in Morrison v. National Australia Bank Ltd. (“Morrison”), the Supreme Court swept aside decades of lower court precedent governing the adjudication of cases involving alleged transnational securities fraud in United States courts. The Court in Morrison sought to...