Morrison v. National Australia Bank Limited (U.S. Supreme Court)

After the Supreme Court granted certiorari to consider the extraterritorial reach of Section 10(b) of the Securities Exchange Act, we were retained by a series of European banking associations who appeared as amici. We demonstrated to the Court the varying securities laws that exist abroad, urging the Court to narrowly construe Section 10(b). The Supreme Court specifically cited our brief in holding that Section 10(b) reaches only securities that are bought or sold in the United States.