Perspective
Sep. 13, 2014
Could 3 little words expand reach of state securities laws?
Little discussed is the reach of California's securities statutes. By Timothy P. Crudo
Several recent cases have focused attention on the extraterritorial reach of the federal securities law. In 2010, the U.S. Supreme Court found that Securities Exchange Act's antifraud provision does not apply extraterritorially in Morrison v. Nat'l. Austl. Bank Ltd, 561 U.S. 247 (2010). Last month, the 2nd U.S. Circuit Court of Appeals found that the anti-retaliation provision in Dodd-Frank don't apply extraterritorially eit...
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