Prescription Issues Limit Louisiana Investor’s Claims Against Broker-Dealer: Patin v. Aegis Capital Corp.
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By Jack D. Ballard

*When a brokerage account loses half of its value, the account holder is put on notice of the need to investigate the reason for the loss.

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U.S. Supreme Court Installs Shut-Off Valve in American Pipe: California Public Employees’ Retirement System (CalPERS) v. ANZ Securities, Inc.
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By David C. Franceski, Jr.

Section 13 of the 1933 Act, which provides that “[i]n no event shall any action be brought … more than three years after the security was bona fide offered to the public …” is a statute of repose and as such is not subject to American Pipe equitable tolling.

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