Investor Claims V. Halifax Not Time-Barred: 9th Circ.

Law360, New York (May 11, 2009, 12:00 AM EDT) -- Ruling that the claims are not time-barred, a federal appeals court has revived a California putative class action alleging the Halifax Building Society deceived investors regarding the bank’s conversion into publicly traded company Halifax PLC.

Judges Susan P. Graber, Richard R. Clifton and David G. Trager of the U.S. Court of Appeals for the Ninth Circuit on Friday reversed the lower court’s decision that the claims were time-barred and breathed new life into allegations that Halifax deprived investors in California of their right to share in...
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