D & O Diary | January 2, 2013: In a decision that could foreclose a possible way for claimants to try to circumvent the U.S. Supreme Court’s decision in the Morrison v. National Australia Bank case, a New York appellate court has reversed a lower court and dismissed the fraud suit short-seller hedge funds had brought in New York state court against Porsche on forum non conveniens grounds.
Read more: NY Appellate Court Dismisses Short-Sellers‘ Porsche Suit, Closes off Possible Morrison Escape Route
