Edited and coordinated by Adam Franklin, General Counsel of Colorado PERA and Catherine LaMarr, General Counsel of the office of the State Treasurer of Connecticut, this Working Paper on the analyzes the landscape of securities litigation post the U.S. Supreme Courts decision in Morrison v. National Bank of Australia Ltd. (2010). Due to Morrison, investors no longer have the protection of the U.S. securities laws if the securities were purchased on a foreign exchange. Reed Kathrein was a contributing member and primarily drafted the chapters on the state of securities litigation in Australia, Germany and South Korea. The project was commissioned by Greg Smith, then General Counsel of ColoradoPERA, as President of the National Association of Public Pension Attorneys ("NAPPA").