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Court Of Chancery Explains How To Calculate The Limitations Period When Class Is Not Certified

Posted In Class Actions

In Re Nine Systems Corporation Shareholders Litigation, C.A. 3940-VCN (July 31, 2013)

This decision explains how to determine if too much time has passed to permit a complaint to go forward, under a variety of circumstances.  It also discusses the various rules that may be applied when a class action is not certified but there is tolling while the class certification issue is pending.