Footnote In Kokesh Signals Bigger Changes On The Horizon

Law360, New York (June 19, 2017, 3:20 PM EDT) -- The U.S. Supreme Court held recently that the U.S. Securities and Exchange Commission is subject to a five-year statute of limitations on disgorgement claims. While many have recognized the ruling is no doubt a major victory for certain defendants, the immediate effects of imposing a five-year statute of limitations for disgorgement may be more limited than some are anticipating. A far more intriguing element of the opinion is found in a footnote, in which the court dropped an unsubtle hint casting doubt on the SEC’s ability...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.