CREDIT SUISSE SECURITIES (USA) LLC, et al., Petitioners
v.
Vanessa SIMMONDS.
Supreme Court of United States.https://leagle.com/images/logo.png
Argued November 29, 2011.
Decided March 26, 2012.
Attorney(s) appearing for the Case
Christopher Landau, Washington, DC, for Petitioners.
Jeffrey B. Wall, for the United States, as amicus curiae, by special leave of the Court.
Jeffrey I. Tilden, Seattle, WA, for Respondent.
Christopher B. Wells, Ryan P. McBride, Lane Powell PC, Seattle, WA, Liaison Counsel for Petitioners.
Christopher Landau, P.C., Counsel of Record, Andrew B. Clubok, Brant W. Bishop, P.C., Susan E. Engel, Robert B. Gilmore, Kirkland & Ellis LLP, Washington, DC, for Petitioner Morgan Stanley & Co. Inc.
Sri Srinivasan, Anton Metlitsky, O'Melveny & Myers LLP, Washington, DC, Andrew J. Frackman, O'Melveny & Myers LLP, New York, NY, Counsel for Petitioners Bank of America Corp., Robertson Stephens, Inc., & Merrill Lynch, Pierce, Fenner & Smith Inc.
David W. Ichel, Joseph M. McLaughlin, Simpson Thacher & Bartlett LLP, New York, NY, for Petitioners J.P. Morgan Securities Inc. & Bear, Stearns & Co., Inc.
Gandolfo V. DiBlasi, Penny Shane, David M.J. Rein, Sullivan & Cromwell LLP, New York, NY, for Petitioner Goldman, Sachs & Co.
Carter G. Phillips, Sidley Austin LLP, Washington, DC, Joel M. Mitnick, Judith Welcom, Sidley Austin LLP, New York, NY, for Petitioner Deutsche Bank Securities Inc.
Fraser L. Hunter, Andrew N. Vollmer, Noah A. Levine, Janet R. Carter, Wilmer Cutler, Pickering Hale & Dorr LLP, New York, NY, for Petitioners Credit Suisse Securities (USA) LLC & Citigroup Global Markets Inc.
Jeffrey I. Tilden, Counsel of Record, Jeffrey M. Thomas, Mark A. Wilner, Jessica E. Levin, David M. Simmonds, Gordon Tilden Thomas & Cordell L.L.P., Seattle, WA, William C. Smart, Ian S. Birk, Keller Rohrback L.L.P., Seattle, WA, for Respondent.
Supreme Court of United States.
Justice SCALIA delivered the opinion of the Court.
We consider whether the 2-year period to file suit against a corporate insider under § 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b), begins to run only upon the insider's filing of the disclosure statement required by § 16(a) of the Act, § 78p(a).
I
Under § 16(b) of the Exchange Act, 48 Stat. 896, as amended, a corporation or security holder of that corporation...
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