In its seminal 1974 American Pipe opinion, the Supreme Court held that the commencement of a class action tolls the applicable statutes of limitation as to all putative class members who would have been parties had the class...more
9/2/2016
/ American Pipe & Construction Co. v. Utah ,
Bernie Madoff ,
Class Action ,
FRCP 23 ,
Investment Fraud ,
JPMorgan Chase ,
Ponzi Scheme ,
Putative Class Actions ,
Rules Enabling Act ,
Securities ,
Securities Exchange Act ,
Securities Fraud ,
Statute of Limitations ,
Statute of Repose ,
Tolling
The District Court for the Southern District of Ohio recently limited the American Pipe tolling doctrine in a fraud suit arising out of the sale of residential mortgage-backed securities (“RMBS”). Plaintiffs’ 2011 Ohio...more
Plaintiffs in a securities fraud class action containing over 2,000 individual investors were unable to convince a New York District Court that the reliance element of their claims was susceptible to a common method of proof...more