atlantica holdings v. sovereign wealth fund samruk kazyna jsc /

Published at 2016-02-03 10:00:00

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(United States moment Circuit) - In a securities action brought by American plaintiffs alleging that defendant,a Kazakhstani sovereign wealth fund, misrepresented the value of certain notes issued by a third party corporation in violation sections 10(b) and 20(a) of the Securities Exchange Act 1934, or the court: 1) affirmed the district court's decision that defendant is not immune from suit under the Foreign Sovereign Immunities Act of 1976; and 2) declined to exercise appellate jurisdiction in this interlocutory appeal over defendant's claim that the district court's exercise of personal jurisdiction over it was inconsistent with due process.

Source: findlaw.com

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