Supreme Court hears arguments on securities fraud, Medicaid

[JURIST] The US Supreme Court [official website] heard oral arguments Tuesday in two cases [JURIST report]. In Gabelli v. Securities and Exchange Commission [transcript, PDF] the court heard arguments on the statute of limitations under 28 USC § 2462 [text] and whether it begins tolling when the government can first bring an action against a penalty. The attorney for the Gabelli Global Growth Fund (GGGF) argued that since the SEC is not attempting to recoup for a victim, the government...

Source: http://jurist.org/paperchase/2013/01/supreme-court-hears-arguments-on-statute-of-limitations-in-securities-and-medicaid.php

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