http://www.crowell.com/Global/RSS.aspxThe latest Newsletters from Crowell & Moring.On June 24, 2010, the U.S. Supreme Court issued its opinion in a closely watched "F-cubed" securities action. F-cubed refers to foreign investors who buy shares of a foreign company on a foreign exchange, and then attempt to assert securities claims against that foreign company in U.S. courts. The leading case on whether U.S. courts have jurisdiction over these types of actions was Morrison v.National Australia BankLtd., 547 F.3d 167 (2d Cir. 2008). In that case, the Second Circuit affirmed dismissal of the plaintiffs' claims because the defendant's actions that directly caused the plaintiffs' losses did not occur within the United States. The U.S. Supreme Court has now affirmed that decision, but for different reasons. Five Justices joined the majority opinion, and three other Justices concurred in the judgment. (Justice Sotomayor took no part in the consideration or decision of the case, and Justices Breyer and Stevens wrote concurring opinions. ...http://www.crowell.com/NewsEvents/Newsletter.aspx?id=15076/28/2010 12:00:00 AM