Michael S. Flynn, Michael Kaplan, Neil A. Potischman, Sarah K. Solum and Richard D. Truesdell, Jr.

Davis Polk Discusses Ninth Circuit Approval of Securities Suit Over Unsponsored ADRs

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On July 17, 2018, the Ninth Circuit issued an opinion in Automotive Industries Pension Trust Fund v. Toshiba Corp., No. 16-56058 (9th Cir. July 17, 2018), holding that the Supreme Court’s Morrison decision does not preclude purchasers of …