Credit Suisse Securities (USA) LLC v. Simmonds

Credit Suisse Securities (USA) LLC v. Simmonds
Supreme Court of the United States
Argued November 29, 2011 Decided March 26, 2012
Full case name	Credit Suisse Securities (USA) LLC, et al., Petitioners v. Vanessa Simmonds
Docket no.	10-1261
Citations	566 U.S. 221 (more) 132 S. Ct. 1414; 182 L. Ed. 2d 446; 80 U.S.L.W. 4269
Case history
Prior	638 F.3d 1072 (9th Cir. 2010); cert. granted, 564 U.S. 1036 (2011).
Subsequent	On remand, 678 F.3d 1139 (9th Cir. 2012).
Holding
Normal equitable tolling principles apply to the statute of limitations for lawsuits under § 16 of the Securities Exchange Act of 1934.
Court membership
Chief Justice John Roberts Associate Justices Antonin Scalia · Anthony Kennedy Clarence Thomas · Ruth Bader Ginsburg Stephen Breyer · Samuel Alito Sonia Sotomayor · Elena Kagan
Case opinion
Majority	Scalia, joined by Kennedy, Thomas, Ginsburg, Breyer, Alito, Sotomayor, Kagan
Roberts took no part in the consideration or decision of the case.
Laws applied
Securities Exchange Act, 1934

Credit Suisse Securities (USA) LLC v. Simmonds, 566 U.S. 221 (2012), is a United States Supreme Court decision regarding the limitation period for insider trading claims.^[1][2] The court ruled in an 8-0 unanimous opinion that the limitation period was subject to traditional equitable tolling. Chief Justice John Roberts recused himself from the case.