Europe and Overseas Commodity Traders S.A. v. Banque Paribas London
United States Court of Appeals for the Second Circuit
147 F.3d 118 (2nd Cir. 1998)
The U.S. does not have jurisdiction over a sale of securities if its interest in the sale is nearly nonexistent.
Relevant Facts
EOC, a Panamanian corporation, agreed to an investment deal in England and Florida. EOC sued Arida for selling unregistered securities in the U.S. in violation of the Securities Act of 1933.
Issue
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Holding & Reasoning
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Concurrence
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Dissent
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Last updated:
December 8, 2023
Judicial Opinion
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Procedural History
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Citations
147 F.3d 118 (2nd Cir. 1998)