Cape Ann Investors v. Lepone
Court of Appeals for the First Circuit
1Opinion of the Court
SELYA, Circuit Judge.
We confront here two intricate variations on a standard theme — the invocation of a limitations defense to federal securities claims. The general scenario is distressingly familiar: shareholders of a publicly-held company allege that the corporate officers systematically inflated earnings, concealed losses, and treated the company’s books as works of fiction. The shareholders further allege that their natural guardians — the company’s outside accountants — perpetuated this massive fraud through perfunctory audits and certified financial statements that they knew (or…
2Cases cited42 opinions
- Carnegie-Mellon University v. CohillSupreme Court of the United States · 1988
- Lampf, Pleva, Lipkind, Prupis & Petigrow v. GilbertsonSupreme Court of the United States · 1991
- Schiavone v. FortuneSupreme Court of the United States · 1986
- Rothman v. GregorCourt of Appeals for the Second Circuit · 2000
- Alan Aulson Et Ux. Maureen Aulson v. Charles BlanchardCourt of Appeals for the First Circuit · 1996
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3Cited by167 opinions
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- CONNECTU LLC v. ZuckerbergCourt of Appeals for the First Circuit · 2008
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