Dismissal Of Company’s Securities Fraud Claims As Time-Barred Upheld On Appeal

Mealey's (March 4, 2021, 1:24 PM EST) -- PHILADELPHIA — In a nonprecedential opinion, a Third Circuit U.S. Court of Appeals panel on March 2 ruled that a federal district court did not err in dismissing as time-barred an investor’s complaint against an investment adviser and others alleging that the adviser misrepresented the safety of the company’s investments because the company was aware or should have been aware of the adviser’s investment decisions more than two years before bringing suit....