United States Sixth Circuit
NEW ENGLAND HEALTH CARE EMPLOYEES PENSION FUND v. ERNST & YOUNG, LLP, 01-6523
Inquiry notice is sufficient to trigger the one-year limitations period for actions brought under section 10(b) of the 1934 Securities Exchange Act, and the section 9(e) limitations period begins to run when a plaintiff should have discovered, by exercising reasonable diligence, the facts underlying the alleged fraud.
Appellate Information
- Argued 05/01/2003
- Decided 07/09/2003
- Published 07/09/2003
Judges
- Before NELSON and COLE, Circuit Judges; ROSEN, District Judge.
Court
- United States Sixth Circuit
Counsel
- For Appellant:
- Eric A. Isaacson (argued and briefed), Joesph D. Daley (briefed), Milberg, Weiss, Bershad, Hynes & Lerach, San Diego, CA, for Appellant.
- For Appellees:
- Stanley J. Parzen (argued and briefed), Jeffrey W. Sarles (briefed), Mayer, Brown, Rowe & Maw, Chicago, IL, Frank P. Doheny, Jr. (briefed), R. Kenyon Meyer, Dinsmore & Shohl, Lora S. Morris (briefed), Muse & Morris, Louisville, KY, for Appellee.