On July 11, 2007, ACC filed an amicus brief in a case which presents important questions about whether, and to what extent, US securities class actions may be brought by non-US investors against non-US companies, concerning disclosures and trades made outside the US. The plaintiffs in this case brought a class action in New York seeking damages on behalf of all persons in the entire world who purchased National Australia Bank's (NAB) ordinary shares during a period of 2-1/2 years - a huge number of investors – even though those shares trade exclusively on the Australian Securities Exchange and other non-U.S. exchanges, and even though 99.97 percent of these shares were held by people outside the United States.
A policy statement from the ACC on the Need for a Substantial Salary Increase for Federal Judges
Comment letter seeking the support of the Honorable Lamar Smith for The Attorney-Client Protection Act of 2007
This letter provides some background on why states in general and Connecticut in particular should adopt MJP reforms, and offers our reasoning why the state should include a special approach for registration of in-house counsel working in Connecticut who are not locally licensed in the state.
A Non-ACC Policy Statement from the US Commodity Futures Trading Commission concerning Attorney-Client Privilege and government investigations.
ABA Task Force on Attorney-Client Privilege concerning the Proposed Federal Rule of Evidence 502 Issues of Implied Waiver.
ABA Comment letter written by Kim J. Askew, Chair of the ABA Section of Litigation concerning the Proposed Federal Rule of Evidence 502(b).
The judgment of the Supreme Court of Canada in in Bisaillon v. Concordia University is a welcome reaffirmation of two principles. The first is that the procedural remedy has not changed the substantive law. Thus, if no individual action lies, no collective action lies either. The second principle is that the class representative must have a sufficient personal interest to sustain an action. This paper will examine each of these principles in light of examples drawn from Quebec case law.
FRE 502 Testimony of the Association of Corporate Counsel
Susan Hackett, General Counsel
January 29, 2007, New York City