Resurrecting Time-Barred Crypto Claims Is An Uphill Struggle

By Eric Sibbitt, William Pao, David Kirman and Meg Lippincott (May 6, 2020, 5:53 PM EDT) -- In nearly a dozen early-April cryptocurrency-related actions filed in the U.S. District Court for the Southern District of New York, plaintiffs advanced an untested theory that they hope will allow them to pursue otherwise time-barred claims: that U.S. Securities and Exchange Commission guidance issued last year effectively extends the statute of limitations for their claims. 

While the plaintiffs' theory faces substantial hurdles, it threatens to open the door to other plaintiffs making similar claims to extend the applicable statutes of limitations against other digital asset projects and trading platforms. 

On April 3, a handful of named plaintiffs, all represented by the...

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!