Section 10(b) of the Securities Exchange Act applies only to transactions in securities listed on domestic exchanges or domestic transactions, establishing a strong presumption against extraterritoriality.
Extraterritoriality
The Alien Tort Statute does not apply extraterritorially; claims must touch and concern US territory with sufficient force to displace the presumption against extraterritoriality.
Chevron U.S.A. v NRDC overruled; courts must independently interpret statutes and may not defer to agency interpretations solely because of statutory ambiguity.
Get a detailed analysis of Morrison v National Australia Bank Ltd and how it applies to your situation.
Explain Morrison v National Australia ...