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Kramer Levin Naftalis & Frankel LLP | USA | 7 Jul 2011

Supreme Court to consider statute of limitations for short-swing profit claims under Section 16(b) of the Exchange Act

On June 27, 2011, the Supreme Court granted certiorari in Credit Suisse Securities (USA) LLC v. Simmonds, No. 10-1261, to review a ruling by the Ninth Circuit concerning the limitations period applicable to claims, under Section 16(b) of the Securities Exchange Act, for recovery of short-swing profits.

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