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Tolling Doesn't Apply To Securities Repose Statute: 2nd Circ.

By Kathryn Brenzel ( June 27, 2013, 7:52 PM EDT) -- The Second Circuit on Thursday tackled "an unsettled question" raised by a tolling doctrine when it refused to allow a group of retirement systems to intervene in a securities fraud class action, finding that the rule doesn't apply to a three-year statute of repose in the Securities Act of 1933. . . .

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