Credit Suisse Securities (USA) LLC v. Simmonds
2012 United States Supreme Court case / From Wikipedia, the free encyclopedia
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Credit Suisse Securities (USA) LLC v. Simmonds, 566 U.S. 221 (2012), is a United States Supreme Court decision regarding the limitation period for insider trading claims.[1][2] The court ruled in an 8-0 unanimous opinion that the limitation period was subject to traditional equitable tolling. Chief Justice John Roberts recused himself from the case.
Quick Facts Credit Suisse Securities (USA) LLC v. Simmonds, Argued November 29, 2011 Decided March 26, 2012 ...
Credit Suisse Securities (USA) LLC v. Simmonds | |
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Argued November 29, 2011 Decided March 26, 2012 | |
Full case name | Credit Suisse Securities (USA) LLC, et al., Petitioners v. Vanessa Simmonds |
Docket no. | 10-1261 |
Citations | 566 U.S. 221 (more) 132 S. Ct. 1414; 182 L. Ed. 2d 446; 80 U.S.L.W. 4269 |
Case history | |
Prior | 638 F.3d 1072 (9th Cir. 2010); cert. granted, 564 U.S. 1036 (2011). |
Subsequent | On remand, 678 F.3d 1139 (9th Cir. 2012). |
Holding | |
Normal equitable tolling principles apply to the statute of limitations for lawsuits under § 16 of the Securities Exchange Act of 1934. | |
Court membership | |
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Case opinion | |
Majority | Scalia, joined by Kennedy, Thomas, Ginsburg, Breyer, Alito, Sotomayor, Kagan |
Roberts took no part in the consideration or decision of the case. | |
Laws applied | |
Securities Exchange Act, 1934 |
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