Posts tagged United States Court of Appeals.
On April 29, the United States Court of Appeals entered an amended order (previously decided on March 17, 2016) that affirmed the decision of the United States District Court for the Southern District of New York in DeKalb County Pension Fund v. Transocean Ltd., Robert L. Long, Jon A. Marshall, and Transocean Inc.
The central issues in the case were (i) what statute of repose applies to a § 14(a) claim under the Securities Exchange Act of 1934? and (ii) when does the statute of repose began to run? This was a particularly thorny question because the private right of action in § 14(a) is ...
Posted in: Second Circuit
Tags: burr forman, DeKalb, Dekalb County Pension Fund, DeKalb County Pension Fund v. Transocean Ltd, GlobalSantaFe Corp, Securities Exchange Act of 1934, securities litigation, Securities Litigation & Arbitration, Transocean, United States Court of Appeals