The limitations period for a securities fraud action begins to run when the plaintiff actually discovered or when a reasonably diligent plaintiff should have discovered the violation. See “Court rules Vioxx securities suit timely filed” U.S. Supreme Court. Merck & Co. ...Read More »
A claim by investors that Merck & Co. misrepresented the heart attack risk posed by the drug Vioxx was not time-barred because it was filed within two years of the discovery of the violation, and Merck did not show that ...Read More »
The number of Securities and Exchange Commission settlements declined for the second consecutive fiscal year in 2009, with 626 defendants, compared to 673 in 2008, according to NERA Economic Consulting's fiscal year-end SEC Settlements Trends report, released Monday.
Tagged with: securities lawsuitsRead More »