Defendants: Circuit Court’s Ruling Securities Suit In Line With American Pipe

(December 2, 2016, 2:34 PM EST) -- WASHINGTON, D.C. — U.S. Supreme Court review of a New York federal court’s dismissal of a securities class action lawsuit is not necessary because the federal court properly determined that investors’ claims were not timely in line with the Supreme Court’s ruling in American Pipe & Construction Co. v. Utah, defendants argue in an opposition brief filed Nov. 7 (Russell Dusek, et al. v. JPMorgan Chase & Co., et al., No. 16-389, U.S. Sup.; 2016 U.S. S. Ct. Briefs LEXIS 4067)....