Investor: Review Of Securities Suit Ruling Would Clear Up Split Among Circuits

(October 17, 2016, 12:46 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court should hear an appeal of a New York federal court’s dismissal of a securities class action lawsuit as untimely filed because the case provides it with an opportunity to clear up a split among the circuit courts as to the proper application to the American Pipe & Construction Co. v. Utah (414 U.S. 538 [1974]) doctrine, an investor argues in a petition for writ of certiorari filed Aug. 12 in the U.S. Supreme Court (DeKalb County Pension Fund v. Transocean Ltd., et al., No. 16-206, U.S. Sup.; 2016 U.S. S. Ct. Briefs LEXIS 2982)....