Triggering One-Year Limitations on Section 10(b) and Rule 10b-5 Actions: Actual Or Inquiry Discovery

Authors

Charles Benjamin Nutley

Library of Congress Authority File

http://id.loc.gov/authorities/names/n79122466

Document Type

Comment

Abstract

Securities fraud lawsuits under Rule 10b-5 are governed by the one and three year limitative period in section 9(e) of the Securities Exchange Act. The one-year period is triggered by the plaintiff's discovery of the facts constituting the violation. Courts differ, however, on the correct discovery standard for section 9(e). This Comment addresses whether courts should apply an inquiry notice standard or an actual notice standard to trigger the one-year limitative period.

Recommended Citation

Charles B. Nutley, Triggering One-Year Limitations on Section 10(b) and Rule 10b-5 Actions: Actual Or Inquiry Discovery, 30 San Diego L. Rev. 917 (1993).
Available at: https://digital.sandiego.edu/sdlr/vol30/iss4/13