High Court Wants Input On Filing Deadline Case

Law360, New York (October 6, 2008, 12:00 AM EDT) -- In an indication that the high court may tackle the question of what exactly triggers the two-year filing deadline for securities fraud cases, the U.S. Supreme Court on Monday asked the solicitor general for input in a case involving securities fraud allegations by an investor against First Republic Bank and three others.

If the Supreme Court takes the case – Trainer Wortham & Co. Inc. et al. v. Heide Betz – and rules against Betz, such a ruling could facilitate fraud being perpetrated against inexperienced investors,...
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