This probably isn't the greatest case to lament that everything is securities fraud. It seems fairly likely that Toshiba committed securities fraud and that if

This probably isn't the greatest case to lament that everything is securities fraud. It seems fairly likely that Toshiba committed securities fraud and that if they did, that Americans making transactions in the US were detrimentlly affected. It's certainly an interesting legal question. It would be nice for a perpetrator if they could use an international jurisdictional legal loophole to limit liability for their fraud. But in terms of actual justice, it would be bad. In general, you shouldn't have to directly control the mechanism by which your fraud causes damage to be held liable for the fraud.