Time has passed and securities class actions are now global in many ways, a topic to be covered in an ABA webinar described online. It explains:
“In the recent years after Morrison, securities class actions have expanded around the world. This program features a distinguished panel of speakers from the Netherlands, U.K., Canada, and the U.S. who have been involved in landmark decisions. They will share their knowledge and thoughts on the different venues and their varying appeal to potential class action plaintiffs, as well as trends affecting the development of securities class action procedures outside the U.S.”
Globalization was plainly foreseeable; as I pointed out when Morrison was decided. A 2016 article by Professor Coffee lays out many of the developments.