Recent Posts

Supreme Court Rejects SEC Effort to Extend Statute of Limitations
Posted on 28 Feb 2013 by Thomas O. Gorman

The Supreme Court rejected the SEC's effort to extend the five year statute of limitations for imposing a civil penalty by engrafting a discovery exception onto the statute. Chief Justice Roberts, writing for a unanimous Court, held that under... Read More

U.S. Supreme Court: Discovery Rule Doesn’t Apply To SEC
Posted on 27 Feb 2013 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on Feb. 27 reversed a Second Circuit U.S. Court of Appeals ruling allowing the Securities and Exchange Commission to seek securities fraud penalties for conduct that had ceased more than five years... Read More