Legal Opinion
Absolute Activist Value Master Fund Ltd. v. Ficeto
Court of Appeals for the Second Circuit
Decided April 13, 2012No. Docket 11-0221-cvPublishedCited by 164 opinions
1Opinion of the Court
KATZMANN, Circuit Judge:
This case requires us to determine whether foreign funds’ purchases and sales of securities issued by U.S. companies brokered through a U.S. broker-dealer constitute “domestic transactions” pursuant to Morrison v. National Australia Bank Ltd,., - U.S. -, 130 S.Ct. 2869, 177 L.Ed.2d 535 (2010) (“Morrison”), which held that § 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) only applies to “transactions in securities listed on domestic exchanges! ] and domestic transactions in other securities.” Id. at 2884 (emphasis added).
Plaintiffs-appellants, nine…
2Cases cited15 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Morrison v. National Australia Bank Ltd.Supreme Court of the United States · 2010
- Morrison v. National Australia Bank Ltd.Court of Appeals for the Second Circuit · 2008
- Securities & Exchange Commission v. National Securities, Inc.Supreme Court of the United States · 1969
- Port Dock & Stone Corp. v. Oldcastle Northeast, Inc.Court of Appeals for the Second Circuit · 2007
10 more not listed; retrieve them via the Exa API.
3Cited by164 opinions
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- In re Vivendi, S.A. Secs. Litig.Court of Appeals for the Second Circuit · 2016
- Universities Superannuation Scheme Ltd. v. Petróleo Brasileiro S.A. PetrobrasCourt of Appeals for the Second Circuit · 2017
- Stratte-McClure v. StanleyCourt of Appeals for the Second Circuit · 2015
- Mastafa v. Chevron Corp.Court of Appeals for the Second Circuit · 2014
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