Tag Archives: Toshiba

U.S. Supreme Court Denies Cert in Toshiba Unsponsored ADRs Securities Suit

As I noted in a recent post, the securities class action lawsuit pending against Toshiba raises the question of whether or not the U.S. securities laws apply to transactions in unsponsored American Depository Receipts (ADRs). The company‚Äôs petition to the U.S. Supreme Court posed the larger question of whether there are exceptions to the second-prong … Continue Reading