North Sound Capital v. Merck

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

Court:

U.S. Court of Appeals

(Third Circuit)

Amicus Issue:

Whether the five-year statute of repose applicable to claims under Section 10(b) is subject to tolling under the American Pipe doctrine, or whether it provides defendants with a substantive right to be free from prospective liability after the specified period, such that it cannot be tolled.

Counsel of Record:

Cleary Gottlieb Steen & Hamilton LLP

Lewis J. Liman

Jared M. Gerber

Other Amici:

None.