Supreme Court win that limits the flexibility of plaintiffs to sue foreign corporations in U.S. courts for acts that allegedly occurred overseas. The Ninth Circuit had held that, because German company Daimler had an indirect subsidiary that did enterprise in California, Argentine plaintiffs might sue Daimler in California for acts allegedly dedicated by an Argentine Daimler subsidiary in Argentina in the Seventies. We persuaded the Court to reject that expansive view of U.S. jurisdiction – unanimously. Resolved groundbreaking, multibillion-dollar litigation by NML Capital, Ltd. towards the Republic of Argentina when Argentina paid NML greater than $2.four billion to satisfy NML’s claims on the country’s defaulted bonds. This settlement marked the conclusion of what the Financial Times referred to as the “sovereign debt trial of the century” and ended thirteen years of litigation following Argentina’s default in 2001 on more than $80 billion in external debt.
Representing Rio Tinto plc in a putative securities fraud class motion regarding the corporate’s compliance with anti-corruption legal guidelines and a decline in the firm’s stock price. Advised multinational companies in negotiations with governments all through the world concerning litigation brought in US courts that raised issues of worldwide legislation. Participated in more than 650 worldwide arbitration proceedings and dealt with disputes in over 70 authorized systems.
The supplies on this web site are supposed to offer a common abstract of the regulation and do not constitute authorized advice. You should consult with counsel to find out relevant authorized requirements in a particular reality situation. Represented a overseas country’s national vitality firm regarding alleged felony exercise in the Baaken Formation oil fields of Montana and the Dakotas.
Proceedings are underneath criminal investigations and are pending before the civil and business courts. We are also offering legal advice on regulatory points linked with the fees. Relying on the power of our international community, we have dealt with lawsuits for Facebook in additional than a hundred and fifty nations, spanning six continents. We not solely efficiently defend our shoppers in world litigation, however we also proactively persuade and educate courts, plaintiffs and authorities authorities on novel issues and new areas of law in order to create a more favorable legal surroundings for our clients. We represent purchasers in all stages of home and worldwide litigation, in established and emerging markets.
Household names within the life sciences, monetary providers, know-how, vitality, and well being care industries belief us with advanced class actions, inside investigations, and multidistrict litigation, as well as their most sensitive employment, environmental, and insurance points. Our renowned securities litigation practice frequently handles some of the most challenging, high-stakes securities litigation issues, and we now have served as lead counsel in several of the most important securities class actions in U.S. history. Our experience in these and different complicated litigation claims spans throughout numerous industries, together with banking, energy, monetary providers, insurance, health care, manufacturing, mortgage, pharmaceutical, real estate, retail, technology and telecommunications.