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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