Monday, July 21, 2003

Dismissal of investor suit on statute of limitations affirmed

In Cohen v. USEC, Inc., the Fourth Circuit in a per curiam opinion for the panel of Judges Niemeyer and Shedd and District Judge Spencer of the E.D. Va. affirmed the dismissal of plaintiffs' securities claims as barred by the one-year statute of limitations, and remanded the case for further consideration of the issue of sanctions under Rule 11.

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