Supreme Court Rules in Securities Fraud Statute of Limitations Case

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On April 27, 2010, the Supreme Court of the United States issued its opinion in Merck & Co., Inc. v. Reynolds, No. 08-905.1 The opinion resolves a circuit split regarding the two-year statute of limitations for claims brought under Section 10(b) of the Securities Exchange Act of 1934, the antifraud provision most frequently invoked by private plaintiffs.

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Published In: Civil Procedure Updates, Criminal Law Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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