Foreign-based companies stand to save billions in litigation costs after an overshadowed ruling...

|By:, SA News Editor

Foreign-based companies stand to save billions in litigation costs after an overshadowed ruling last month by the Supreme Court for National Australia Bank (NABZY.PK) that essentially says U.S. securities laws don't apply overseas. Scanning the dockets for winners: Vivendi (VIVDY.PK), Credit Suisse (CS), Infineon (IFNNY.PK), SocGen (SCGLY.PK) and BP.