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Nomura Home Equity Loan v. National Credit Union Administration Board

Docket No. Op. Below Argument Opinion Vote Author Term
13-576 10th Cir. Not Argued Jun 16, 2014 TBD TBD OT 2013

Issue: Whether 12 U.S.C. § 1787(b)(14), which sets the “statute of limitations” for “contract” and “tort” claims included in any action brought by the National Credit Union Administration Board, displaces the absolute three-year statute of repose established by Congress in Section 13 of the Securities Act of 1933, 15 U.S.C. § 77m.

Judgment: Vacated and remanded on June 16, 2014.

SCOTUSblog Coverage

DateProceedings and Orders (key to color coding)
Nov 8 2013Petition for a writ of certiorari filed. (Response due December 12, 2013)
Dec 12 2013Order extending time to file response to petition to and including January 13, 2014.
Jan 2 2014Order further extending time to file response to petition to and including February 12, 2014.
Feb 12 2014Brief of respondent National Credit Union Administration Board, as Liquidating Agent of U.S. Central Federal Credit Union and of Western Corporate Federal Credit Union in opposition filed.
Feb 25 2014Reply of petitioners Nomura Home Equity Loan, Inc., et al. filed.
Feb 26 2014DISTRIBUTED for Conference of March 21, 2014.
Jun 9 2014DISTRIBUTED for Conference of June 12, 2014.
Jun 10 2014Supplemental brief of petitioners Nomura Home Equity Loan, Inc., et al. filed. (Distributed)
Jun 16 2014Petition GRANTED. Judgment VACATED and case REMANDED for further consideration in light of CTS Corp. v. Waldburger, 573 U. S. ___ (2014).
Jul 18 2014JUDGMENT ISSUED