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The Supreme Court ruling barring securities claims by foreign investors is quickly reshaping the securities class action landscape. In the latest application of Morrison v. NAB, foreign investors in a Bahamian fund can't proceed with claims that several non-U.S. banks should have detected Bernie Madoff's Ponzi scheme.
Yes, it's true. We are all plaintiffs now. Or nearly all of us, thanks to a pair of March 28 orders certifying two classes in the consolidated antitrust litigation against the makers of liquid crystal display screens.
Cite as: Assured Guaranty (UK) Ltd. v. J.P. Morgan Inv. Mgt. Inc., 603755/08, NYLJ 1202475335060, at *1 (App. Div., 1st, Decided November 23, 2010)Before: Richa
Cite as: ABC, Inc. v. Federal Communications Commission, 08-0841-ag (Lead), NYLJ 1202477104261, at *1 (2d Cir., Decided January 4, 2011) Before: Richard C. Wesl
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