FHFA v. Nomura Holding America Inc.
Published on:
October 30, 2015
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