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SEC staff issues report on the cross-border scope of private rights of action for securities fraud

USA - May 9 2012 The staff of the Securities and Exchange Commission (“SEC”) recently released a study on the cross-border scope of the private right of action under Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”), 15 U.S.C. 78j(b), and SEC Rule 10b-5, 17 C.F.R. 240.10b-5, promulgated thereunder....

John P. Stigi III.

Proposed easing of satellite export controls could benefit U.S. satellite industry

USA - May 1 2012 Since 1999, strict controls on the export of U.S. satellites and satellite components have drastically eroded U.S. manufacturers’ market share in the global satellite industry....

Brian Weimer, Curtis M. Dombek, Reid Whitten.

FCC proposes to grant DISH's wish

USA - March 23 2012 In a striking move by the FCC, the Commission has proposed to eliminate the ancillary terrestrial component ("ATC") rules from the 2 GHz Mobile Satellite Service ("MSS") band and repurpose the spectrum for both mobile and terrestrial use....

Brian Weimer.

EU imposes new economic sanctions on Syria

Syria, European Union - January 31 2012 On January 18, 2012, the European Union adopted Council Regulation No. 362012 (“Regulation 362012”), which imposes new restrictions on companies doing business in Syria....

Curtis M. Dombek.

Ninth Circuit latest to permit corporate liability under alien tort statute; Supreme Court to resolve circuit split in 2012

USA - November 23 2011 In Sarei v. Rio Tinto, PLC, Nos. 02-56256, 02-56390, 09-56381, 2011 WL 5041927 (9th Cir. Oct. 25, 2011), the United States Court of Appeals for the Ninth Circuit became the latest Circuit to hold that corporations may be held liable under the Alien Tort Statute (“ATS”), 28 U.S.C. 1350....

John P. Stigi III.