Legal Opinion

Parkcentral Global Hub Ltd. v. Porsche Automobile Holdings SE

Court of Appeals for the Second Circuit

Decided August 15, 2014No. Docket Nos. 11-397-cv(L), 11-403-cv(CON), 11-416-cv(CON), 11-418-cv(CON), 11-428-cv(CON), 11-447-cv(CON)PublishedCited by 116 opinions

1Opinion of the Court

Judge LEVAL joins in this PER CURIAM opinion and concurs in a separate opinion.

2Per curiam

In Morrison v. National Australia Bank Ltd., 561 U.S. 247, 130 S.Ct. 2869, 177 L.Ed.2d 535 (2010), the Supreme Court established that, by virtue of the presumption against extraterritorial application of U.S. statutes, § 10(b) of the Securities Exchange Act of 1934, the basic anti-fraud provision of the U.S. securities laws, has no extraterritorial application, and no civil suit under that section may be brought unless predicated on a purchase or sale of a security listed on a domestic *201exchange or on a domestic…

3Cases cited23 opinions

  1. Ashcroft v. IqbalSupreme Court of the United States · 2009
  2. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  3. Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
  4. Landgraf v. USI Film ProductsSupreme Court of the United States · 1994
  5. Upjohn Co. v. United StatesSupreme Court of the United States · 1981

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4Cited by116 opinions

  1. Mastafa v. Chevron Corp.Court of Appeals for the Second Circuit · 2014
  2. New York Pet Welfare Association, Inc. v. New York CityCourt of Appeals for the Second Circuit · 2017
  3. Giunta v. DingmanCourt of Appeals for the Second Circuit · 2018
  4. United States v. LitvakCourt of Appeals for the Second Circuit · 2015
  5. Atlantica Holdings, Inc. v. Sovereign Wealth Fund Samruk-Kazyna JSCCourt of Appeals for the Second Circuit · 2016

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