Tags: Case, Legal Case, Supreme Court Of The United States Case, Unit Of Work.
Morrison v. National Australia Bank 561 U.S. 247 (2010) was a United States Supreme Court case concerning the extraterritorial effect of U.S. securities legislation. Its effect was to bar all federal securities fraud suits in the US for securities traded on a foreign stock exchange.The Dodd–Frank Wall Street Reform and Consumer Protection Act in its section 929P(b) allowed the SEC and DOJ extraterritorial jurisdiction but this interpretation is contested in the courts.