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'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.

8 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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