The Second Circuit Provides Another Catalyst for Global Growth of Litigation and Plaintiff’s F

Morrison has a new progeny – the Second Circuit’s May 6, 2014 decision that US courts will not enforce 1934 securities act claims arising from overseas offerings, even if the offering was cross-listed on a US exchange. See here for analysis from Simpson Thacher. The Second Circuit’s decision provides yet another catalyst for global growth in litigation, and global interaction among plaintiff’s firms.