Client Alerts
June 28, 2017

Supreme Court Upholds Strict Time Limit in Federal Securities Class Actions

This alert analyzes the Supreme Court’s decision in California Public Employees’ Retirement System v. ANZ Securities, Inc., et al., holding that the three-year time limit in Section 13 of the Securities Act of 1933 is a statute of repose that is not extended for subsequent opt-out individual actions by the filing of a class action under a rule for tolling statutes of limitations in class actions.

Read the full alert here.

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