United States Second Circuit

The district court erred in applying federal law in a breach of fiduciary action in diversity, to determine when the statute of limitations period began to run, but plaintiffs were on inquiry notice more than three years prior to suit, thus the action is barred under either California or Nevada law.

Appellate Information

• Decided 12/16/2002
• Published 12/16/2002

Judges

• JOHN M. WALKER, JR., Chief Judge., Before: WALKER, Chief Judge, JACOBS and SACK, Circuit Judges.

Court

• United States Second Circuit

Counsel

• For Appellant:
  
• Joshua T. Rabinowitz,Slotnick, Shapiro & Crocker, LLP, (Barry I. Slotnick and Michael Shapiro, on the brief), New York, NY, for Plaintiffs-Appellants.


• For Appellees:
  
• Karen L. Valihura, Skadden, Arps, Slate, Meagher & Flom, LLP, (Thomas J. Schwarz, Joseph M. Asher, Skadden, Arps, Slate, Meagher & Flom, LLP, New York, NY;  Leonard P. Stark, Jennifer C. Kelleher, Skadden, Arps, Slate, Meagher & Flom, LLP, Wilmington, DE, on the brief), Wilmington, DE, for Defendants-Appellees.