Foreign companies could be sued more easily in US courts under legislation working through Congress that has led to concerns in the European Commission.
The Investor Protection Act (IPA), approved by the House financial services committee this month, contains a provision to make it easier for investors to sue public companies in the US even if they are based abroad and listed on overseas exchanges.
Sunday, November 22, 2009
Fears over tough US anti-fraud legislation
The Financial Times reports:
