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Part IV Extraterritoriality and US Law, 19 Morrison V National Australia Bank :

Linda J Silberman

From: Extraterritoriality and Collective Redress

Edited By: Duncan Fairgrieve, Eva Lein

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 30 May 2023

Class actions
19.01 Morrison v National Australia Bank,2 decided by the Supreme Court of the United States in 2010, is an important decision in a number of respects. It was the first United States Supreme Court case to address the extraterritorial reach of the United States securities laws, in particular, section 10(b) of the Securities Exchange Act of 1934.3 The Court’s invocation of the presumption against extraterritoriality had the practical impact of dramatically reducing the regulatory reach of the anti-fraud provisions of the United States securities laws and changing...
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