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Tuesday, March 5, 2013

Supreme Court Finds No Fraud Exception to Five-Year Statute of...

The U.S. Supreme Court's recent decision in Gabelli v. Securities Exchange Commission rejects an attempt by the Securities and Exchange Commission to extend a statute of limitations by invoking a "discovery rule." The SEC had proposed that, in an action by the SEC to impose a civil penalty for securities fraud, the time to bring an action should ... (more)



http://www.jdsupra.com/post/documentViewer.aspx?fid=d2c7565d-0ede-4ea3-9418-234f4c28e2fb

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