It is commonplace to characterize the extraterritorial application of the securities laws as implicating the subject matter jurisdiction of the federal courts. Perhaps no longer. In In re Parmalat Secs. Litig., 2007 U.S. Dist. LEXIS 53459 (S.D.N.Y. July 24, 2007), Judge Lewis Kaplan observed that:
In Arbaugh v. T & H Corp., [546 ...
It is commonplace to characterize the extraterritorial application of the securities laws as implicating the subject matter jurisdiction of the federal courts. Perhaps no longer. In In re Parmalat Secs. Litig., 2007 U.S. Dist. LEXIS 53459 (S.D.N.Y. July 24, 2007),…