Historic decision creates upheaval for US securities class actions

Allens Arthur Robinson

The United States Supreme Court has overturned more than 40 years of jurisprudence of US federal courts by ruling that plaintiffs may only pursue claims alleging securities fraud under the US Securities Exchange Act of 1934 in relation to the sale or purchase of shares in the US or of securities listed on an American domestic stock exchange.

Read more of the article by Belinda Thompson, Partner of Allens Arthur Robinson.

Reproduced with permission of Belinda Thompson and accordance with their terms of use

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