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)
Relevant factsFree
Europe and Overseas Commodity Traders S.A. (EOC), a Panamanian corporation, entered an investment deal negotiated largely in England and Florida. EOC sued Banque Paribas (through Arida) for selling unregistered securities in violation of the Securities Act of 1933.
IssueFree
Whether the United States has jurisdiction over a sale of securities where the U.S. interest in the sale is nearly nonexistent.