The Top 25 Non-North American Settlements
NOVEMBER 2, 2022
Securities litigation outside North America continues to grow and evolve rapidly. As reported previously, securities litigation overseas has been on the rise since the U.S. Supreme Court’s landmark 2010 decision in Morrison v. National Australia Bank Ltd. Morrison and its progeny reshaped the class action landscape by restricting securities lawsuits in the U.S. by investors who purchased securities on foreign exchanges. As a result of Morrison, those who invested in other countries have increasingly looked to collective actions in courts abroad to recover losses resulting from securities fraud. While collective redress around the globe may still be in its infancy compared to the United States, there have been meaningful developments in different jurisdictions that have allowed defrauded investors to recover significant losses.