Schoenbaum v. Firstbrook and Others

Abstract

Jurisdiction — In general — Territorial — Territorial limits of jurisdiction — Securities and exchange regulation — Whether having extraterritorial application — Alleged fraud upon Canadian company whose shares were quoted on both Canadian and American markets — Fraud allegedly taking place in Canada and involving transaction in Canada — Alleged adverse effect upon value of company’s shares purchased in United States by United States national Whether within the jurisdiction of the United States courts — The law of the United States