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CREDIT SUISSE SECURITIES v. SIMMONDS

Docket No.: 10-1261
Certiorari Granted: 06/27/11
Argued: November 29, 2011
Decided: 03/26/12

Topics:

IPO, Truth in Lending, initial public offering

PartyNames: Credit Suisse Securities (USA) LLC, et al. v. Vanessa Simmonds
Petitioner: Credit Suisse Securities (USA) LLC, et al.
Respondent: Vanessa Simmonds

Court Below: United States Court of Appeals for the Ninth Circuit
Citation: 638 F.3d 1072

Credit Suisse Securities (USA) LLC, et al.
v.
Vanessa Simmonds
Question Presented:

Whether the two-year time limit for bringing an action under Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. ยง 78p(b), is subject to tolling, and, if so, whether tolling continues even after the receipt of actual notice of the facts giving rise to the claim.

Question:

Is the two-year time limit for bringing an action under Section 16(b) of the 1934 Securities Exchange Act subject to tolling, and if so, does tolling continue even after the receipt of actual notice of the facts giving rise to the claim?

Note:

THE CHIEF JUSTICE [ROBERTS] TOOK NO PART

CREDIT SUISSE SECURITIES v. SIMMONDS
ORAL ARGUMENT

11/29/11

Listen to Oral Argument in CREDIT SUISSE SECURITIES v. SIMMONDS
Holding: VACATED AND REMANDED (CJ no part)
Vote: 8-0
Recused: Chief Justice Robert
Opinion By:
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