Credit Suisse Wins 3-Year Limit On Martin Act Suits

By Jack Newsham (June 12, 2018, 2:28 PM EDT) -- New York's highest court ruled Tuesday that the state attorney general could only sue under the Martin Act, a powerful tool for financial crimes enforcement, for three years after alleged violations, rejecting prosecutors' argument for a six-year limit and handing a victory to Credit Suisse.

Credit Suisse was freed from claims it violated the Martin Act after the New York Court of Appeals ruled Tuesday that the state attorney general only has three years to bring such actions. (AP)

The Court of Appeals ruled 4-1 that the Martin Act, which bans a broad sweep of "fraudulent practices" in the finance industry,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!