No. 23-80

Jeffrey Laydon, Individually and on Behalf of All Others Similarly Situated v. Cooperatieve Rabobank U.A., et al.

Lower Court: Second Circuit
Docketed: 2023-07-27
Status: Denied
Type: Paid
Amici (3) Experienced Counsel
Tags: circuit-split civil-procedure domestic-application extraterritorial-application extraterritoriality federal-commodities federal-securities judicial-interpretation legal-precedent precedent statutory-focus statutory-interpretation
Key Terms:
ERISA Securities Patent JusticiabilityDoctri ClassAction
Latest Conference: 2023-09-26
Question Presented (AI Summary)

Whether courts may consider factors other than the statute's focus to decide if a claim involves a domestic application

Question Presented (OCR Extract)

QUESTION PRESENTED This Court has “repeatedly and explicitly held” that to decide whether a case involves a domestic application of a statute—as opposed to an impermissibly extraterritorial one—“courts must identify the statute’s focus and ask whether the conduct relevant to that focus occurred in United States territory.” Abitron Austria GmbH v. Hetronit Intnl, Inc., No. 21-1043, slip op. at 4 (June 29, 2023) (cleaned up). “If the conduct relevant to the statute’s focus occurred in the United States, then the case involves a permissible domestic application of the statute, even if other conduct occurred abroad.” Id. at 5 (cleaned up). The Second Circuit has read this precedent to establish a necessary, but not a sufficient, condition for domestic application of a law. In applying federal securities and commodities laws, the Circuit has held that even if the conduct relevant to the statute’s focus occurred in the U.S., a claim may still be extraterritorial if other conduct occurred abroad and a court decides that, all things considered, the claim is “predominantly foreign.” Other circuits read this Court’s focus test as establishing a necessary and sufficient condition for a domestic application. And the First and Ninth Circuit—along with the SEC, the Commodity Futures Trading Commission, and the Solicitor General—have rejected the “predominantly foreign” test in particular as inconsistent with this Court’s precedents. The question presented is: Whether, to decide if a claim involves a domestic application of a statute, courts may consider factors other than whether the conduct relevant to the statute’s focus occurred in the United States.

Docket Entries

2023-10-02
Petition DENIED.
2023-08-30
DISTRIBUTED for Conference of 9/26/2023.
2023-08-29
Reply of petitioner Jeffrey Laydon on behalf of himself and all others similarly situated filed. (Distributed)
2023-08-28
2023-08-28
2023-08-28
Brief amici curiae of Better Markets, Inc., et al. filed. (Distributed)
2023-08-14
Brief of respondents UBS AG and UBS Securities Japan Co., Ltd. in opposition filed.
2023-07-24
2023-05-18
Application (22A1003) granted by Justice Sotomayor extending the time to file until July 24, 2023.
2023-05-16
Application (22A1003) to extend the time to file a petition for a writ of certiorari from May 25, 2023 to July 24, 2023, submitted to Justice Sotomayor.

Attorneys

Andrea Corcoran
Joseph Carl CecereCecere, PC, Amicus
Joseph Carl CecereCecere, PC, Amicus
Better Markets, Inc., Consumer Federation of America, and the Institute for Agriculture and Trade Policy
Times WangNorth River Law PLLC, Amicus
Times WangNorth River Law PLLC, Amicus
Jeffrey Laydon on behalf of himself and all others similarly situated
Kevin K. RussellGoldstein, Russell & Woofter LLC, Petitioner
Kevin K. RussellGoldstein, Russell & Woofter LLC, Petitioner
Toshiba Corporation
Paul F. EnzinnaEllerman Enzinna Levy PLLC, Amicus
Paul F. EnzinnaEllerman Enzinna Levy PLLC, Amicus
UBS AG and UBS Securities Japan Co., Ltd.
Thomas G. HungarGibson, Dunn & Crutcher LLP, Respondent
Thomas G. HungarGibson, Dunn & Crutcher LLP, Respondent