Extraterritorial Reach.pdf

CGR Memo - Second Circuit Defines Extraterritorial Reach of Exchange Act Section 10b.pdf
Preview of Extraterritorial Reach
🔗 Source: cahill.com
📊 Size: 316 KB
📄 Pages: 3 pages
⬇️ Downloads: 258

Summary

The Second Circuit held that to sufficiently allege a domestic securities transaction in securities not listed on a domestic exchange, a plaintiff must allege facts suggesting that irrevocable liability was incurred or title was transferred within the United States, and that a purchase or sale occurs when the parties become bound to effectuate the transaction, with the creation of irrevocable liability indicating where the actual sale or purchase of the securities occurred.

Description

The Second Circuit held that to sufficiently allege a domestic securities transaction in securities not listed on a domestic exchange, a plaintiff must allege...

Technical Information

  • File Format: PDF
  • File Size: 316 KB
  • Pages: 3
  • Language: EN
  • Total Downloads: 258
  • Last Updated: 2 weeks ago

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