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Email In York County v. HP, Inc.,1 the U.S. Court of Appeals for the Ninth Circuit further clarified national standards governing the two-year statute of limitations applicable to private claims under Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Joining the Second Circuit (and others), the Court held that the statute of limitations begins to run when a “reasonably diligent plaintiff” would have discovered the “facts constituting the violation” (including scienter), and that occurs when such a plaintiff can plead those facts “with sufficient detail and particularity to survive a 12(b)(6) motion to dismiss.” https://www.cadwalader.com/resources/clients-friends-memos/securities-litigation-alert-ninth-circuit-clarifies-standards-governing-the-statute-of-limitations-for-private-claims-under-section-10b-of-the-securities-exchange-act-of-1934