Investors: No High Court Review Of FSIA Ruling In Investor Suit Needed

Mealey's (February 6, 2019, 1:30 PM EST) -- WASHINGTON, D.C. — No U.S. Supreme Court review of a federal circuit court’s finding that investor claims against a Brazilian company were not protected by the Foreign Sovereign Immunities Act (FSIA) is necessary because under an exemption of the FSIA, the company’s activities had caused a direct effect in the United States, investors argue in a Feb. 4 opposition brief filed in the U.S. Supreme Court (Petróleo Brasileiro S.A. v. EIG Energy Fund XIV LP, et al., No. 18-716, U.S. Sup.)....