• U.S. Supreme Court To Consider Whether Statute Of Limitations For Short-Swing Profit Claims Can Be Equitably Tolled
  • May 9, 2012 | Author: Neil R. Morrison
  • Law Firm: D'Amato & Lynch, LLP - New York Office
  • On June 27, 2011, the U.S. Supreme Court granted certiorari in the case captioned as Credit Suisse Securities (USA) LLC v. Simmonds, ("Credit Suisse") to decide whether short-swing profit claims under Section 16(b) of the Securities Exchange Act 1934 (the "Exchange Act") can be equitably tolled and, if so, whether a defendant's failure to file certain disclosures required under Section 16(a) tolls the time to bring a claim under Section 16(b).