Lampf, Pleva, Lipkind, Prupis & Petigrow v. Gilbertson
Supreme Court of the United States
1Opinion of the CourtJustice Blackmun
In this litigation we must determine which statute of limitations is applicable to a private suit brought pursuant to § 10(b) of the Securities Exchange Act of 1934, 48 Stat. 891, 15 U. S. C. § 78j(b), and to Securities and Exchange Commission Rule 10b-5, 17 CFR §240.10b-5 (1990), promulgated thereunder.
I
The controversy arises from the sale of seven Connecticut limited partnerships formed for the purpose of purchasing and leasing computer hardware and software. Petitioner Lampf, Pleva, Lipldnd, Prupis & Petigrow is a West Orange, N. J., law firm that aided in organizing the partnerships and…
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