Morrison's Effects Test
William S. Dodge
University of California Hastings College of the Law
40 Southwestern University Law Review 687
In Morrison v. National Australia Bank, the Supreme Court held that the presumption against extraterritoriality applies "in all cases." But the Court also changed the presumption by shifting its focus from the location of the conduct to the location of the effects. This symposium contribution argues this shift is consistent with the presumption’s underlying rationale and with the Court’s prior case law. It also applies Morrison’s effects test to RICO.
Number of Pages in PDF File: 10
Keywords: extraterritorial, Morrison, RICO, securities
JEL Classification: K33
Date posted: May 26, 2011 ; Last revised: February 18, 2013
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