Parties Debate Whether FIRREA’s Extender Statute Displaces Statute Of Repose

(December 16, 2016, 1:31 PM EST) -- WASHINGTON, D.C. — Parties in a securities class action lawsuit recently asked the U.S. Supreme Court to determine whether the extender provision for the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) displaces the statute of repose for Section 13 of the Securities Act of 1933 (First Horizon Asset Securities Inc., et al. v. Federal Deposit Insurance Co., No. 16-463, U.S. Sup.)....