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High Court Asked To Cure Circuit Split Regarding American Pipe Application

(October 17, 2016, 12:14 PM EDT) -- WASHINGTON, D.C. — Review of a New York federal court’s ruling that an individual investors’ securities lawsuit is untimely is warranted because the federal circuit courts are split as to the proper application of U.S. Supreme Court precedent to determine the lawsuit’s timeliness, an investor argues in a petition for writ of certiorari filed Sept. 22 in the Supreme Court (California Public Employees’ Retirement System v. Moody Investors Service Inc., et al., No. 16-373, U.S. Sup.; 2016 U.S. S. Ct. Briefs LEXIS 3443).

(Petition for writ...
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