Business & Securities Litigator: Vol. 14 No. 13
This issue consits of article on recent decisions narrowly construing the application of the new statute of limitations provision of Sarbanes-Oxley, director independence standards - the new SEC, NYSE and NASD rules and court of appeals holds that membership interest in limited liability company is not a ?security? is included in this issue of the bulletin. The first article talks of the recent decisions, resolving issues of first impression, either nationally or within the Second Circuit, address Section 804 of the Act, which extends the statute of limitations for filing a private securities lawsuit.