What is the current state of the law regarding the time it takes to bring a claim for avoidable damages in a securities fraud case?
MultiRegion, United States of America
The following excerpt is from Volk v. D.A. Davidson & Co., 816 F.2d 1406 (9th Cir. 1987):
Appellants should have brought their action once they discovered or should have discovered the facts constituting their claim. Defrauded securities purchasers are not permitted to delay bringing an action while avoidable damages accrue. Stull v. Bayard, 561 F.2d 429, 433 n. 4 (2d
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