Morrison decision applied in review of UBS credit crisis class action

The 2nd Circuit U.S. Court of Appeals earlier this month upheld the U.S. Supreme Court’s decision in Morrison v. National Australia Bank in a case against UBS. As a result of Morrison, securities traded outside the U.S. are no longer considered within U.S. jurisdiction, effectively barring investors who purchase securities on a foreign exchange from participating in U.S. class actions. Continue Reading

FRT’s Fast Five: Week Ending October 18, 2019

Financial Recovery Technologies Fast Five provides you with the top news in shareholder class actions. Stay up-to-date on the latest developments in settled (U.S./Canada) claims filing opportunities, Antitrust settlements, Global Group Litigation matters and more. For more information, contact your Financial Recovery Technologies representative or email us. 1. Banks Must Face Bond Price-Fixing Suit Post-Deutsche Deal A New York federal Continue Reading