Litigation

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High Court Hears Oral Argument In Shareholder Derivative Suits Appeal
Posted on 30 Nov 2011 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on Nov. 29 heard oral arguments in a shareholder derivative suit appeal seeking a determination of whether the two-year statute of limitations for bringing an action under Section 16(b) of the Securities... Read More

U.S. Supreme Court Rules Section 16(b) Claim Tolling Not Proper Under Whittaker Rule
Posted on 26 Mar 2012 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) The Ninth Circuit U.S. Court of Appeals erred in ruling that the two-year statute of limitations claims brought pursuant to Section 16(b) of the Securities Exchange Act of 1934 are tolled until a Section 16(b) statement... Read More

High Court: United States Lacks Subject Matter Jurisdiction In Securities Class Action
Posted on 28 Jun 2010 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) Ruling that Section 10(b) of the Securities Exchange Act of 1934 does not provide a cause of action "to foreign plaintiffs suing foreign and American defendants for misconduct in connection with securities traded... Read More