Pending before the Second Circuit is a unique (and apparently sua sponte) application of the jurisdictional test announced by the Supreme Court in Morrison v. Nat’l Australia Bank Ltd., to dismiss non-securities state law...more
6/7/2021
/ Breach of Contract ,
Cryptocurrency ,
Extraterritoriality Rules ,
Initial Coin Offering (ICOs) ,
Investment Contract ,
Morrison v National Australia Bank ,
Popular ,
Pump and Dump ,
Securities Act of 1933 ,
Securities Exchange Act ,
United Arab Emirates (UAE)
On May 5, 2014, the U.S. Court of Appeals for the Second Circuit decided City of Pontiac v. UBS AG, affirming the dismissal of a securities fraud complaint against UBS and holding that the Supreme Court's decision in Morrison...more