On November 1st, Reuters reported that the court overseeing the SEC's lawsuit against Fabrice Tourre, a former Goldman Sachs executive, will allow the agency to file an amended complaint to address the Supreme Court's decision in Morrison v. National Australia Bank, where the Supreme Court limited the extraterritorial reach of Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5. Tourre is accused of creating and selling a collateralized debt obligation without disclosing that the hedge fund selecting the assets held by the CDO intended to buy credit default swaps against the underlying assets. Tourre asserts that the SEC's case must be dismissed because the sole investor was a German bank. Amended Complaint.