Tag Archives: report securities fraud

SEC Releases Study on the Cross-Border Scope of the Private Right of Action Under Section 10(b) of the Exchange Act

This is an update to our November 30, 2010 and April 26, 2011 blog posts relating to the SEC’s Study on Extraterritorial Private Rights of Action.  The study was a result of the Supreme Court’s decision in Morrison v. National … Continue reading

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Second Circuit Interprets Transaction Prong of Morrison Test

Recently, in Absolute Activist Value Master Fund Limited v. Ficeto, Docket No. 11-0221-cv, 2012 U.S. App. LEXIS 4258 (2d Cir. Mar. 1, 2012), the Second Circuit interpreted for the first time, the second prong of the test enunciated by the … Continue reading

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New York Court of Appeals Finds Private Right of Action is Not Precluded Under the Martin Act

Last year, in our December 2010 blog post, we reported about the “Martin Act” which provides the New York Attorney General with the authority to file civil or criminal charges for fraud in connection with the offer and sale of … Continue reading

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