U.S. Supreme Court
Nov. 30, 2011
High court skeptical of deadline delay in securities suit
The U.S. Supreme Court signaled Tuesday it would strike down a 9th U.S. Circuit Court of Appeals decision delaying the deadline for insider trading lawsuits until the traders report to government regulators.
Daily Journal Staff Writer
WASHINGTON - The U.S. Supreme Court signaled Tuesday it would strike down a 9th U.S. Circuit Court of Appeals decision delaying the deadline for insider trading lawsuits until the traders file disclosure reports with government regulators.
But the court appeared concerned with finding a balance that neither allows traders to intentionally dodge liability for illegal dealings nor leaves them exposed...
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