Foreign Companies in American Courts
Definitely read the commentary in the 10/4/07 Wall St. Journal titled "International Tort Crisis," by Norman Lamont. The author speaks about foreign companies' concerns about being brought into American courts. These issues will be before the Supreme Court next week, Stoneridge v. Scientific Atlanta. The non-U.S. companies may become vulnerable to private securities lawsuits involving allegations that their U.S. listed partners misrepresented transaction. This case could be very significant for insurers of non-U.S. companies that have U.S.-listed companies as customers, suppliers, or clients.
