Credit Suisse Securities v. Simmonds
|Docket No.||Op. Below||Argument||Opinion||Vote||Author||Term|
Nov 29, 2011
|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.
Plain English Summary:
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.
- Opinion analysis: Occupying the “reasonable middle ground” on tolling of insider trading claims (Steven Kaufhold)
- Argument recap: A middle ground on tolling of insider trading claims? (Steven Kaufhold)
- Argument preview: Tolling the statute of limitations for insider trading claims (Steven Kaufhold)