Morrison v. National Australia Bank
Holding
The Court held that U.S. law against securities fraud does not apply to investment deals that occur outside the country, even if they have a domestic impact or effect.
Judgment
Affirmed, 8-0, in an opinion by Antonin Scalia on Jun 24, 2010. Justice Stevens filed an opinion concurring in the judgment, joined by Justice Ginsburg. Justice Sotomayor took no part in the proceedings.
Merits Briefs
- Brief for Petitioners Robert Morrison, Individually and On Behalf of All Others Similarly Situated, Russell Leslie Owen, Brian Silverlock, and Geraldine Silverlock
- Brief for Respondents National Australia Bank Limited, Homeside Lending, Inc., Frank Cicutto, Hugh R. Harris, Kevin Race, W. Blake Wilson
- Reply Brief for Petitioners
- Supplemental Brief for Petitioners
- Supplemental Brief for Respondents
Amicus Briefs
- Brief for the Australia Shareholders’ Association and the Australian Council of Super Investors in Support of Petitioner
- Brief for Alecta Pensionsförsäkring, Ömsesidigt, AmpegaGerling Investment GmbH, APG Algemene Pensioen Groep N.V., ATP – Arbejdsmarkedets Tillægspension, British Coal Staff Superannuation Scheme, Danica Pension, Danske Invest Management A/S, DekaBank Deutsche Girozentrale, Folksam, Första AP-Fonden, HANSAINVEST Hanseatische Investment-GmbH, Hauck & Aufhäuser Asset Banquiers Luxembourg S.A., Hauck & Aufhäuser Asset Management GmbH, Helaba Invest Kapitalanlagegesellschaft mbH, Industriens Pension, KAS Investment Servicing GmbH, KEPLER-FONDS Kapitalanlagegesellschaft m.b.H, Merseyside Pension Fund, Metzler Investment GmbH, Mineworkers’ Pension Scheme, Nordea Invest Fund Management A/S, Norges Bank, PGGM Vermogensbeheer B.V., PKA A/S, Railway Pension Trustee Company Ltd., Royal Mail Trustees Limited, Sjunde AP Fonden, Swedbank Robur Fonder AB, Swiss Life Investment Management Holding AG (SLIMH), Swiss Life Private Placement Life Insurance, Syntrus Achmea Asset Management, Universities Superannuation Scheme Ltd, Varma Mutual Pension Insurance Company, and WestLB Mellon Asset Management KAG in Support of Petitioner
- Brief for MN Services Vermogensbeheer B.V., Scottish Widows Investment Partnership Limited, and North Yorkshire Pension Fund in Support of Petitioner
- Brief for Law Professors in Support of Respondents
- Brief for the United States of America in Support of Respondents
- for Professors and Students of the Yale Law School Capital Markets and Financial Investments Clinic in Support of Respondents
- Brief for the Organization for International Investment in Support of Respondents
- Brief for the United Kingdom of Great Britain and Northern Ireland in Support of Respondents
- Brief for the European Aeronautic Defence & Space Co. N.V. , Alstom SA, Lagardère Groupe SCA, Thales SA, Technip SA, and Vivendi SA in Support of Respondents
- Brief for the Securities Industry and Financial Markets Association, the Association for Financial Markets in Europe, the Chamber of Commerce of the United States of America, the United States Council for International Business, the Association Française des Entreprises Privées, and GC100 in Support of Respondents
- Brief for Infineon Technologies AG in Support of Respondents
- Brief for Competitive Enterprise Institute in Support of Respondents
- Brief for the Government of the Commonwealth of Australia in Support of Respondents
- Brief for the Institute of International Bankers, European Banking Federation, and Australian Bankers’ Association in Support of Respondents
- Brief for the International Chamber of Commerce, Swiss Bankers Association, Economiesuisse, the Federation of German Industries and the French Business Confederation in Support of Respondents
- Brief for NYSE Euronext in Support of Respondents
- Brief for the Republic of France in Support of Respondents
- Brief for Washington Legal Foundation in Support of Respondents
Certiorari-Stage Documents
Recommended Citation: Morrison v. National Australia Bank, SCOTUSblog, https://www.scotusblog.com/cases/morrison-v-national-australia-bank/