Were still off 82 points. Its been a rough week across the board, especially for other indexes were not showing here. The russell 2000 having one of its worst weeks in some time. So, this all comes, of course, on the back of some selling weve already had this week. Its not just about the action today. The last hours going to be critical here to see whether we can stay off the lows of the day or if we head back to those lows. Theres the russell. Yeah, off 1 today. Meanwhile, lets look at some of the other markets. The nasdaq off 0. 6 . There it is. And 4,393 is the level, off 12 points. The dow is off 81, thats 0. 5 , 16,904. And off nine points. Joining our closing bell exchange, doug cote, jim lowell, charlie blel, Quincy Krosby from prudential and we have Michelle Carusocabrera and rick santelli. Michelle, when we all got up this morning, things looked bleak. There were concerns about this big Portuguese Bank, but now things look like theyre settling down a little bit. What was the s
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US Court of Appeals for the Fourth Circuit held corporation not physically present in district is not found in district for purposes of federal statute authorizing courts to order discovery for use in foreign tribunal.
Parties can ask district courts to compel persons in their districts to provide evidence for proceedings before foreign or international tribunal. Longstanding question has been whether §1782 extends to private international commercial arbitration.
Until now, U.S. participants in international arbitration could face U.S.-style discovery; they may have to produce documents, face depositions though not in court. That changed with Supreme Court decision, law does not apply to private international arbitration.