Legal Opinion
Morrison v. National Australia Bank Ltd.
Court of Appeals for the Second Circuit
Decided October 23, 2008No. Docket 07-0583-cvPublishedCited by 839 opinions
1Opinion of the Court
B.D. PARKER, JR., Circuit Judge:
BACKGROUND
This appeal requires us to revisit the vexing question of the extraterritorial application of the securities laws, Rule 10b-5 in particular. Founded in 1858, headquartered in Melbourne, and incorporated under Australian law, the National Australia Bank (“NAB”) calls itself Australia’s largest bank. In 2000, its Australian business accounted for roughly 55% of its assets and revenues, with its international operations responsible for the remainder. NAB’s approximately 1.5 billion “ordinary shares” (the equivalent of American common stock) trade on the…
2Cases cited20 opinions
- Natalia Makarova v. United StatesCourt of Appeals for the Second Circuit · 2000
- Kontrick v. RyanSupreme Court of the United States · 2004
- Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc.Supreme Court of the United States · 2008
- Wal-Mart Stores, Inc. v. Visa U.S.A. Inc.Court of Appeals for the Second Circuit · 2005
- Fed. Sec. L. Rep. P 90,266 Irene L. Wright, on Behalf of Herself and All Others Similarly Situated v. Ernst & Young LLPCourt of Appeals for the Second Circuit · 1998
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3Cited by839 opinions
- Morrison v. National Australia Bank Ltd.Supreme Court of the United States · 2010
- Amidax Trading Group v. S.W.I.F.T. ScrlCourt of Appeals for the Second Circuit · 2011
- Liranzo v. United StatesCourt of Appeals for the Second Circuit · 2012
- Norman Redwing v. Catholic Bishop for the Diocese of MemphisTennessee Supreme Court · 2012
- Goldemberg v. Johnson & Johnson Consumer Companies, Inc.District Court, S.D. New York · 2014
834 more not listed; retrieve them via the Exa API.