Lawyer - News

In a case of first impression, the 2nd U.S. Circuit Court of Appeals last week held that individual actions brought by WorldCom bondholders were not time-barred even though they had filed their actions prior to certification of a class action. Judge Pierre N. Leval wrote in that the filing of a class action tolls the statute of limitations for all members of the asserted class "regardless of whether" they file an individual action before the class is certified.

This entry was posted on Monday, July 30th, 2007 at 12:06 pm and is filed under Lawyer - News.