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Second Circuit Review: Section 10(b) Liability Does Not Apply to Extraterritorial Criminal Conduct
October 22, 2013 download PDF
Litigation partners Martin Flumenbaum and Brad Karp's Second Circuit Review Column appeared in the October 22 issue of the New York Law Journal. The article, "Section 10(b) Liability Does Not Apply to Extraterritorial Criminal Conduct," addresses an issue left unsettled following the Supreme Court's 2010 decision in Morrison v. National Australia Bank, and discusses whether extraterritorial conduct in connection with the purchase and sale of securities gives rise to criminal liability under Section 10(b) of the Securities Exchange Act of 1934. Law clerk Harry Jacobs assisted in the preparation of this column.