U.S. Supreme Court
Jun. 29, 2011
Court Takes IPO Fraud Case
In a securities fraud case, the U.S. Supreme Court agreed Monday to consider whether the plaintiff's ran out of time to bring claims against a host of financial institutions alleging violations in initial public offerings.
In a securities fraud case, the U.S. Supreme Court agreed Monday to consider whether the plaintiffs ran out of time to bring claims against a host of financial institutions alleging violations in initial public offerings.
The institutions are challenging a 9th U.S. Circuit Court of Appeals ruling that would allow the action to move forward. Judge Milan Smith wrote the panel's opinion, but also included his own special concurrence saying he would have time-bar...
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