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CAHILL v. ERNST & ERNST

No. 79-2402.

625 F.2d 151 (1980)

John D. CAHILL, Plaintiff-Appellant, v. ERNST & ERNST, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided June 30, 1980.

Attorney(s) appearing for the Case

John H. Bowers, Lawton & Cates, Madison, Wis., for plaintiff-appellant.

William H. Alverson, Milwaukee, Wis., for defendant-appellee.

Before PELL and SPRECHER, Circuit Judges, and MARKEY, Chief Judge.

SPRECHER, Circuit Judge.

In this appeal we reaffirm for Wisconsin forum cases, as we have previously held for Illinois and Indiana forum cases, that a civil action brought under section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), and Rule 10b-5 thereunder, 17 C.F.R. § 240.10b-5, is governed by the forum state's securities law statute of limitations and not by its common law fraud limitation period nor by its catch-all limitation period...

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