'Discovery Rule' Does Not Apply

In <i>Gabelli v. Securities and Exchange Commission,</i> the Supreme Court unanimously concluded that Section 2462's limitations period began to run from the date of the alleged misconduct, not from the date the SEC discovered the alleged fraud.

18 minute read April 26, 2013 at 02:10 PM
By
Elissa Preheim, Arthur Luk And Arpan Sura
'Discovery Rule' Does Not Apply

On Feb. 27, 2013, the Supreme Court decided Gabelli v. Securities and Exchange Commission, No. 11-1274, 2013 WL 691002 (U.S.

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