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Solicitor General Submits Brief in Favor of Denying Supreme Court Review of Foreign-Cubed Securities Transaction Case
by Stewart D. Aaron
Arnold & Porter LLP - New York Office
Lauren R. Bittman
Arnold & Porter LLP - New York Office
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November 4, 2009
Previously published on November 2009
On October 27, 2009, the US Solicitor General filed a brief on behalf of the United States, as amicus curiae, in the transnational securities fraud case of Morrison v. National Australia Bank. In Morrison, which has been the subject of previous advisories by Arnold & Porter LLP, involved a so-called "foreign-cubed" securities transaction--a transaction where (1) a foreign plaintiff is suing; (2) a foreign issuer is in a US court for violations of US securities laws based on securities transactions; and (3) one is in a foreign country. www.arnoldporter.com
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