What is the standard rule on when a plaintiff has a complete and present cause of action?

MultiRegion, United States of America

The following excerpt is from Dekalb Cnty. Pension Fund v. Transocean Ltd., 817 F.3d 393 (2nd Cir. 2016):

101 Id. at 36. See Gabelli v. SEC, U.S. , 133 S.Ct. 1216, 1220, 185 L.Ed.2d 297 (2013) (holding, in the context of a statute of limitations, that the "standard rule" is that "a claim accrues when the plaintiff has a complete and present cause of action" (internal quotation marks omitted)).

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