CII Releases New Paper, "A Survey of Morrison's Impact on CII Members"

It’s been three years since the U.S. Supreme Court sharply curtailed the right of investors to use the U.S. federal courts to sue for fraud related to securities traded exclusively on foreign exchanges or purchased overseas. The Supreme Court’s 2010 decision in Morrison v. National Australia Bank reduced the jurisdictional scope of the antifraud provision of the Securities Exchange Act of 1934. To find out how institutional investors are adjusting to the post-Morrison landscape, CII surveyed its members to determine whether the decision had affected their investment and litigation strategies. The survey found that most General Member funds continue to invest in non-U.S. securities on foreign exchanges and have not altered their investment behavior.  However, many are changing, or considering changing, their litigation strategies or policies. CII members can access this exclusive paper in our Library of Governance Basics. 

• 5

  Jun
  Teleconference: CII Releases Report on Morrison v. National Australia Bank
• 19

  Jun
  Webinar: Integrated Financial & Sustainability Reporting
• 30

  Jul
  Teleconference: Incoming FASB Chair Russell Golden
• 25

  Sep
  2013 Fall Conference
• 7

  May
  CII Spring Conference
• 29

  Sep
  CII Fall Conference

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• May 23, 2013 - CII letter to PCAOB on adding audit partner name to auditor's report
• May 17, 2013 - CII letter to SEC regarding proxy distributors
• May 15, 2013 - JPMorgan Shareholders Are Denied Access to Results - The New York Times
• May 10, 2013 - SEC Is Pressed to Revamp Executive Trading Plans - The Wall Street Journal
• May 9, 2013 - CII follow-up letter to the SEC on potential misuse of Rule 10b5-1 trading plans

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