Pension Trust Fund for Operating Engineers v. Mortgage Asset Securitization Transactions, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that the discovery standard governs whether Securities Act claims are timely
• finding that a reasonably diligent plaintiff would have begun to investigate the same day that an amended class action complaint was filed
• holding Merck applies to both the Exchange Act and Securities Act
• finding a reasonably diligent plaintiff would undertake an investigation based on “‘news articles and analyst’s reports,’ and ‘prospectuses, quarterly reports, and other information related to their investments’”
• “[T]he purpose of statutes of limitations is to prevent stale claims … .”
• “[B]ecause a statute of limitations is an affirmative defense, the burden of establishing its applicability to a particular claim rests with the defendant.” (internal quotation marks and citations omitted)

Source: CourtListener parenthetical corpus (CC0).