Panel Upholds Court’s Dismissal Of Stockholder Claims As Time-Barred

Mealey's (November 28, 2018, 2:02 PM EST) -- SAN FRANCISCO — A Ninth Circuit U.S. Court of Appeals panel on Nov. 23 ruled that a stockholder’s Delaware state law claims against a company he alleged mishandled his shares of its stock are time-barred because he was put on notice that he owed back taxes on dividends of the stock in 1992 but failed to cure any issues (Anthony P. Miele III v. Franklin Resources Inc., et al., No. 17-16030, 9th Cir., 2018 U.S. App. LEXIS 33077)....