One response to “Jury Finds Against Vivendi in Rare Securities Class Action Trial”

  1. Cases like this one could be a regular occurrence under Proposed Bill H.R. 3817. Under this Bill foreign companies could be sued more easily in U.S. courts.
    The Investor Protection Act of 2009 (H.R. 3817), which was approved by the House financial services committee late last year, contains a provision to make it easier for investors to sue public companies in the U.S. even if they are based abroad and listed on overseas exchanges.
    Section 215 of the proposed Act would in effect legislatively mandate a jurisdictional standard for extraterritoriality.
    This was the subject of an article in the International Business Law Advisor: What Do Halley’s Comet and “F-Cubed” Securities Class Action Trials Have in Common?