U.S. Supreme Court Won’t Hear Appeal In Securities Class Action Lawsuit

(January 19, 2017, 10:37 AM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Jan. 9 declined review of a securities class action appeal seeking a determination 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.)....