Defendants: Waldburger Ruling Cured Circuit Split Over American Pipe Tolling

(December 16, 2016, 8:03 AM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court’s recent ruling in CTS Corp. v. Waldburger has resolved any split among federal circuit courts as to how to determine whether statutes of repose may be tolled in securities class action lawsuits, and review is, thus, unnecessary, defendants argue in a Nov. 23 opposition brief filed 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 4405)....