Statutes Of Repose — The Overlooked Cousin

Law360, New York (March 9, 2011, 11:48 AM EST) -- Every practicing attorney and a surprising number of laypersons are familiar with statutes of limitation. Statutes of limitation determine how long a plaintiff has to file a lawsuit. For lawyers considering filing a lawsuit on behalf of a client, one of the first things that will be considered is whether the statute of limitations has run or is close to running, and whether time is of the essence in the investigation and filing of a claim.

For defense attorneys, it is one of the first things...
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