In re UBS Securities Litigation
Published on:
May 17, 2013
SIFMA submitted an Amicus “Friend of the Court”
Brief
Case Name and Court:
In re UBS Securities Litigation
U.S. Court of Appeals
(Second Circuit)
Date:
May 17, 2013
Amicus Issues:
Whether, under the novel “listing theory,” plaintiffs’
foreign-cubed claims are within the scope of Section 10(b) of the Securities
Exchange Act and thus, may be sued upon in federal court, because the
securities that the foreign plaintiffs purchased on foreign exchanges also
happened to be cross-listed on a U.S. exchange.
Counsel of Record:
Cleary Gottlieb Steen & Hamilton LLP
Giovanni P. Prezioso
Antonio M. Pozos
Meredith E. Kotler
Other Amici:
U.S. Chamber of Commerce
The Clearing House Association L.L.C.
NYSE Euronext