Year: 2008

This Week In Securities Litigation (November 14, 2008)

This week, the calls for regulatory reform continued, this time from the Acting Chairman of the CFTC and, again, from the Chairman of the SEC. The Commission dropped a long-running financial fraud case against a former AOL executive while filing

Second Circuit Affirms Dismissal Of Securities Fraud Suit Based On Statute of Limitations

In a summary order issued on Wednesday, the Second Circuit Court of Appeals affirmed the dismissal of a securities class action based on the application of the statute of limitations. The Court left open the possibility that plaintiffs would amend