UPDATE: Supreme Court Argument in Kirtsaeng v. John Wiley & Sons, Inc.
The Supreme Court heard argument on October 29, 2012, in a Second Circuit case addressing the question of the applicability of the first sale doctrine of the Copyright Act to copyrighted works that are legally acquired abroad and then resold in the United States. The Second Circuit concluded that the first sale defense in Section 109(a) of the Copyright Act applies only to copies of copyrighted works manufactured in the United States.
You can listen to the Supreme Court argument in the case here.
And you can read the original post about the Second Circuit's decision in the case here.
The case cite is Kirtsaeng v. John Wiley & Sons, Inc., No. 11-697.