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(From Post Magazine)
Foreign shareholders are becoming more of a permanent fixture in US securities class actions and, while not a new development, foreign-based companies are increasingly seen as a major target for the US plaintiff's bar.
Given the jurisdictional laws of the US and the steady increase in value of the average class action settlement, this issue remains a major concern for European companies, their directors and officers, and insurers. Along with extradition, this particular type of class action represents one of the greatest risks of loss to European companies from the long-arm of the US court system.
Many European corporations ...