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10(b) Limitations Period: Supreme Court Rejects Inquiry Notice Standard in Merck & Co. v. Reynolds

by Michele Rose, Christian Ward, and Lisa Perez Excerpt: In Merck & Co. v. Reynolds , 130 S. Ct. 1784, 2010 U.S. LEXIS 3671, (2010), the Supreme Court unanimously rejected the inquiry notice standard numerous circuits applied in determining when the limitations period for a Section 10(b) claim...

Supreme Court Rejects Extraterritorial Application of Section 10(b) and 'Conduct and Effects' Test in Morrison v. National Australia Bank Ltd

by Michele Rose, Christian Word, Jessica Phillips and Kamil Redmond The United States Supreme Court recently rejected years of federal jurisprudence on the extraterritorial application of §10(b) of the Securities Exchange Act. In Morrison v. National Australia Bank, No. 08-1191, the Court held...