Credit Suisse Securities v. Simmonds

Docket No. Op. Below Argument Opinion Vote Author Term
10-1261 9th Cir. Nov 29, 2011
Tr.Aud.
Mar 26, 2012 8-0 Scalia OT 2011

Holding: Normal equitable tolling principles apply to the statute of limitations for lawsuits under § 16 of the Securities Exchange Act of 1934. Section 16(a) requires corporate insiders to disclose personal transactions involving the corporation’s securities.

Judgment: Vacated and remanded, 8-0, in an opinion by Justice Scalia on March 26, 2012. The Chief Justice took no part in the consideration or decision of this case.

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