Absolute Activist Value Master Fund Ltd. v. Ficeto

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• recognizing that it \may be more likely for domestic transactions to involve parties residing in the United States\
• holding that allegations that securities purchases were “brokered through a U.S. broker‐dealer,” standing alone, are insufficient to establish that irrevocable liability was incurred in the United States
• noting that the location of the broker for the transaction does not unequivocally determine where a contract was executed
• noting that “the plurality of Ethereum nodes that verified U.S. persons’ purchases from [B]lock.one are located in the U.S.”
• explaining that courts must determine the meaning of a domestic purchase or sale by “consider[ing] how these terms are defined”
• explaining that under Morrison, “a securities- transaction is domestic when the parties incur irrevocable liability to carry out the transaction within the United States or when title is passed within the United States”

Source: CourtListener parenthetical corpus (CC0).