High Court Reverses Decision To Hear IndyMac Appeal

Law360, New York (September 29, 2014, 3:38 PM EDT) -- The Supreme Court on Monday revoked its granting of cert in a dispute over whether a tolling provision should apply to certain securities suits, just days after the litigants said a settlement in the underlying class action wouldn’t impact the appeal.

In a very short order, the high court summarily dismissed its writ of certiorari to the Public Employees' Retirement System of Mississippi, which was looking to overturn a Second Circuit decision that blocked it and other plaintiffs from intervening in a putative class action accusing IndyMac Bancorp Inc., Morgan Stanley & Co. and Goldman Sachs & Co. of misrepresenting certain...

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!

TRY LAW360 FREE FOR SEVEN DAYS