Oral Arguments Heard In Securities Suit Challenging American Pipe Reach

Mealey's (March 26, 2018, 4:31 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on March 26 heard oral arguments in an appeal of a Ninth Circuit U.S. Court of Appeals ruling that the Supreme Court’s decision in American Pipe & Construction Co. v. Utah tolls the statute of limitations to permit a previously absent class member to bring a subsequent class action outside the applicable limitations period (China Agritech Inc. v. Michael Resh, et al., No. 17-432, U.S. Sup.)....