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U.S. Buyers of European Stock Blocked from Suing in U.S. Courts

As the U.S. Supreme Court considers the extraterritorial reach of the U.S. securities laws, the U.S. District Court for the Southern District of New York ruled March 26 that a putative securities class action brought on behalf of U.S. investors who bought their shares of a European company via foreign exchanges cannot be maintained the…

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