Wealth Funds Not Immune from Lawsuits Says U.S. Appeals Court
Posted on 02/04/2016
The 2nd U.S. Circuit Court of Appeals stated that foreign sovereign wealth funds are not automatically immune from U.S. lawsuits. On February 3, the federal appeals court in Manhattan swiftly ruled that sovereign wealth funds are not shielded by the Foreign Sovereign Immunities Act (United States) from securities fraud claims over alleged misrepresentations that cause […]
