Justices Narrow American Pipe Tolling For Class Actions

Law360 (June 11, 2018, 10:29 AM EDT) -- The U.S. Supreme Court on Monday cemented a new limit on plaintiffs filing successive class actions, holding that the tolling provisions it established in its landmark American Pipe decision don't extend to individual class members wanting to file a new action on behalf of others after the statutory deadline to do so has passed.

"There is little reason to allow plaintiffs who passed up opportunities to participate in the first (and second) round of class litigation to enter the fray several years after class proceedings first commenced," according to the high court's unanimous opinion in the matter of China Agritech v. Resh. (Law360) In...

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Supreme Court

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3850 Securities, Commodities, Exchange

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September 22, 2017

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