3rd Circ. Eases Limitations Test For Securities Claims

Law360, New York (October 25, 2013, 11:33 AM EDT) -- In Pension Trust Fund for Operating Engineers v. Mortgage Asset Securitization Transactions Inc., No. 12-3454, (3d Cir. Sept. 17, 2013), the U.S. Court of Appeals for the Third Circuit joined the Seventh, Ninth and Eleventh Circuits, holding that Section 13 of the Securities Act of 1933 (“1933 Act”), 15 U.S.C. § 77m, does not require plaintiffs asserting a claim under the 1933 Act to plead with particularity compliance with the statute of limitations.

In doing so, the Third Circuit split from the First, Eighth and Tenth...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.