Credit Suisse v. Simmonds
Published on:
August 25, 2011
SIFMA submitted an Amicus “Friend of the Court” Brief
Court:
U.S. Supreme Court
Amicus Issue:
Whether the two-year statute of limitations established in Section 16(b) of the Securities and Exchange Act of 1934 (the Act), which requires statutory insiders to disgorge profits from short-swing transactions in publicly traded issuer securities, begin to run if the targeted insider has failed to comply with its obligations under Section 16(a) of the Act to disclose short-swing trading activity in reports filed with the SEC.
Counsel of Record:
Morrison & Foerster LLP
Deanne E. Maynard
Brian R. Matsui
Seth M. Galanter
Jordan Eth
Other Amici:
U.S. Chamber of Commerce