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This week, we take a look at one decision considering when
California law requires application of California's statute of
limitations, and another reiterating the strict standard for
pleading scienter in a securities fraud case.
The Court holds that under California choice-of-law
principles, California's statute of limitations applies when a
state resident is sued in California and the conflicting
out-of-state law is not intended to protect plaintiffs.
Panel: Judges Wardlaw, Bea, and
Caine, Jr. (W.D. La.), with Judge Bea writing the opinion.
Key highlight: "Both