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Legal Journals

: Conflict of Laws

Recent Second Circuit Decision: The Courthouse Door is Temporarily Shut, Though Still Left Ajar, for Foreign Securities Plaintiffs

By Charles Kotuby

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National Bank of Australia purchased U.S. mortgage service provider HomeSide Lending Inc. in 1998. Three years later, the bank was forced to admit that its calculations on the amount of fees HomeSide was generating from servicing mortgages were overstated. This led to the bank announcing two write-downs in 2001 totaling $2.2 billion. As [...]

[Click on the title above to view the full item on Conflict of Laws .net]

Full post as published by Conflict of Laws on October 27, 2008 (boomark / email).

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