Pinnacle v. Dadong

SIFMA submitted an Amicus “Friend of the Court” Brief.

Court: 

U.S. Court of Appeals

(Second Circuit)

Amicus Issue:  

Whether plaintiffs may circumvent the U.S. Supreme Court’s decision in Morrison v. National Australia Bank by bringing only common law fraud and related claims instead of federal securities law claims in order to open the doors of the U.S. federal courts to claims based on the sale of securities in foreign nations to foreigners.

Counsel of Record:  

O’Melveny & Meyers LLP

Walter Dellinger

Jonathan D. Hacker

Other Amici: 

Global Financial Markets Association (GFMA)

Asia Securities Industry and Financial Markets Association (ASIFMA)

Association for Financial Markets in Europe (AFME)

Australian Financial Markets Association