Monday, March 10, 2014

New Cert Grant on Statute of Limitations in Class Action

The Supreme Court has granted certiorari in Public Employees' Retirement System of Mississippi v. IndyMac MDS, Inc.

Question presented:

Issue: Whether the filing of a putative class action serves, under American Pipe & Construction Co. v. Utah, to satisfy the three year time limitation in § 13 of the Securities Act with respect to the claims of putative class members.

SCOTUSblog has a post on the case.

Class Actions, Supreme Court Cases | Permalink


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