Panel Asked To Decide If Securities Suit Was Properly Dismissed Under Morrison

(November 22, 2017, 11:35 AM EST) -- SAN FRANCISCO — Parties in a securities class action lawsuit against an electronic and energy products and services manufacturer and provider recently asked the Ninth Circuit U.S. Court of Appeals to determine whether a federal district court erred in dismissing U.S. federal and Japanese securities law claims under the U.S. Supreme Court’s transactional test established in Morrison v. National Australia Bank (Automotive Industries Pension Trust Fund, et al. v. Toshiba Cop., No. 16-56058, 9th Cir.)....