SIFMA has submitted an Amicus “Friend of the Court” Brief.

Court:

U.S. Court of Appeals
(Second Circuit)

Amicus Issue:

Whether the so-called “extender” provision of the Housing and Economic Recovery Act of 2008 (HERA) extends the applicable three-year statute of repose for claims brought under Sections 11 and 12 of the Securities Act of 1933, thereby allowing a federal agency to proceed with claims brought four to six years after the relevant securities were purchased.

Counsel of Record:

Kramer Levin Naftalis & Frankel LLP

Michael J. Dell

Other Amici:

The Clearing House Association LLC