THE GLOBAL DIMENSION Noranda and Falconbridge were Canadian companies. Falconbridge, Ltd., was later bought by Xstrata, a Swiss mining company. On what basis could a U.S. court exercise jurisdiction in this case?

THE LEGAL ENVIRONMENT DIMENSION Stark’s assessment of the value of Falconbridge proved correct. On the day the suit in this case was filed, the Noranda shares that Stark had received in exchange for its Falconbridge shares were worth about 50 percent more than what Stark had paid in accepting the offer. In other words, the plaintiffs could not allege that they had suffered a loss as a result of the trade. What effect does this fact have on their complaint?

Brian Stark’s interest in investing began in high school, when he worked for his father, an independent accountant. Together, they invested in the financial markets. Stark tested his own investment theories throughout college and law school, where he met Mike Roth. In 1992, Stark and Roth formed Stark Trading. Known today as Stark Investments, the firm invests in commodities, real estate, equity, and other markets. Its principals apply hedging and portfolio management techniques on behalf of their investors, including institutions, investment funds, and wealthy individuals. The firm has offices in cities around the world, including Hong Kong, London, Singapore, and Toronto.