MBIA Saved By Statute Of Limitations
In an opinion reached Tuesday, Judge Louis L. Stanton of the U.S. District Court in Manhattan ruled that the plaintiffs’ claims were barred by the statute of limitations.
Under the Sarbanes-Oxley Act, plaintiffs in private securities-fraud cases must sue within two years of discovering a violation. But the plaintiffs in this case – led by the Southwest Carpenters Pension...
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