Kahn v. Kohlberg, Kravis, Roberts & Co.
Court of Appeals for the Second Circuit
1Opinion of the Court
KELLEHER, Senior District Judge:
Plaintiffs Phyllis Kahn and Steven G. Thorne appeal from the dismissal by the United States District Court for the Southern District of New York, John S. Martin, Jr., Judge, of their complaint pursuant to Federal Rules of Civil Procedure (Fed. R.Civ.P.) 12(b)(6) on the ground that the action was barred by the statute of limitations. We affirm.
I. BACKGROUND
Plaintiffs commenced this direct and derivative action on August 21, 1991, seeking rescission of an investment advisory agreement entered into on September 25, 1987, by the Minnesota State Board of Investment…
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