To print this article, all you need is to be registered or login on Mondaq.com. 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