Andrews Corporate Officers and Directors Liability Litigation Reporter
April 22, 2002
Securities Fraud (Forum Shopping):
Copyright (c) 2002 Andrews Publications
2D CIR. REVISES FORUM RULING, BUT KEEPS CROSS-BORDER SUIT IN N.Y.
DiRienzo v. Philip Servs. Corp.
In response to a recent seminal opinion widening a shareholder's right of forum selection, a federal appeals court in Manhattan took a second look at its decision to keep a cross-border securities fraud case in New York and revised its original...