Legal Opinion
Merrill Ferguson, Stephen W. Dils, Gail W. Dils, as Trustee for the Dils Trust v. Richard Roberts and Roberts & Ellsworth, Ltd.
Court of Appeals for the Seventh Circuit
Decided December 8, 1993No. 92-2656PublishedCited by 71 opinions
1Opinion of the Court
RIPPLE, Circuit Judge.
The plaintiffs brought this action under § 10(b) of the Securities Exchange Act of 1934- (“the Act”). The district court granted the defendants’ motion for summary judgment. It held that the newly adopted one-year statute of limitations combined with the three-year statute of repose made the plaintiffs’ claims time-barred. Because there was no just reason for delay, the district court entered final judgment pursuant to Federal Rule of Civil Procedure 54(b). The plaintiffs appealed. We now affirm.
I
BACKGROUND
A. Facts
The plaintiffs Merrill Ferguson, Stephen Dils, Gail Dils,…
2Cases cited17 opinions
- Foman v. DavisSupreme Court of the United States · 1962
- Chevron Oil Co. v. HusonSupreme Court of the United States · 1971
- Lampf, Pleva, Lipkind, Prupis & Petigrow v. GilbertsonSupreme Court of the United States · 1991
- James B. Beam Distilling Co. v. GeorgiaSupreme Court of the United States · 1991
- Joseph F. Cada v. Baxter Healthcare CorporationCourt of Appeals for the Seventh Circuit · 1991
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3Cited by71 opinions
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- Sound of Music Co. v. Minnesota Mining and Manufacturing Co.Court of Appeals for the Seventh Circuit · 2007
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