Editor's Note :

Editor's Note :

There is a possibility of opinions on Wednesday, March 1.
On Tuesday the court hears oral argument in Dean v. United States. Douglas Berman has our preview.

Gabelli v. Securities and Exchange Commission

Docket No. Op. Below Argument Opinion Vote Author Term
11-1274 2d Cir. Jan 8, 2013
Tr.Aud.
Feb 27, 2013 9-0 Roberts OT 2012
 
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Holding: The five-year statute of limitations for the SEC to bring a civil suit seeking penalties for securities fraud against investment advisers begins to tick when the fraud occurs, not when it is discovered.

Plain English Summary:

Judgment: Reversed and remanded, 9-0, in an opinion by Chief Justice Roberts on February 27, 2013.

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Holding: The five-year statute of limitations for the SEC to bring a civil suit seeking penalties for securities fraud against investment advisers begins to tick when the fraud occurs, not when it is discovered.   JudgmentReversed and remanded, 9-0, in an opinion by Chief Justice Roberts on February 27, 2013.
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