How CalPERS V. ANZ Securities Marks Gorsuch's Arrival

By Robert Long and Edgar Neely ( August 16, 2017, 12:49 PM EDT) -- On June 26, 2017, the U. S. Supreme Court issued another important opinion regarding the federal securities laws: California Public Employees' Retirement System v. ANZ Securities Inc. The court resolved a circuit split on the three-year time bar for securities class actions brought under the Securities Act of 1933 (the "Securities Act"). [1] Specifically, the court held that civil plaintiffs alleging Section 11 claims must bring suit within three years of the violation, even if they were formerly part of a class of investors in an already-pending securities class action raising the same claims. . . .

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

This past year, a handful of attorneys secured billions of dollars in settlements and judgments for both classes and individual plaintiffs against massive companies and organizations like Facebook, Dell, the National Association of Realtors, Johnson & Johnson, UFC and Credit Suisse, earning them recognition as Law360's Titans of the Plaintiffs Bar for 2025.