Deadline for Penalties Is Triggered by Conduct, Not Discovery, Justices Say

The SEC had argued that the "discovery rule" should apply because a defendant's deception can sometimes keep a plaintiff from learning about the bad acts. But Chief Justice John Roberts Jr. said the rule didn't apply because the government isn't an ordinary plaintiff.

This article requires premium access

This article requires premium access to The New York Law Journal. Please sign in or subscribe to read the full text.