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STOYAS v. TOSHIBA CORP.

No. 16-56058.

896 F.3d 933 (2018)

Mark STOYAS, individually and on behalf of all others similarly situated, Plaintiff, and Automotive Industries Pension Trust Fund; New England Teamsters & Trucking Industry Pension Fund, Plaintiffs-Appellants, v. TOSHIBA CORPORATION, Defendant-Appellee.

United States Court of Appeals, Ninth Circuit.

Filed July 17, 2018.

Attorney(s) appearing for the Case

Susan K. Alexander , (argued), San Francisco, California, for Plaintiffs-Appellants.

Christopher M. Curran , (argued), Washington, D.C., for Defendants-Appellees.

Before: Kim McLane Wardlaw and William A. Fletcher, Circuit Judges, and Wiley Y. Daniel, District Judge.

OPINION

In Morrison v. National Australia Bank Ltd., 561 U.S. 247, 130 S.Ct. 2869, 177 L.Ed.2d 535 (2010), the Supreme Court held that the presumption against extraterritorial applicability of congressional legislation renders the U.S. Securities...

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