Sri Srinivasan , Anton Metlitsky , O'Melveny & Myers LLP, Washington, DC, Andrew J. Frackman , O'Melveny & Myers LLP, New York, NY, Counsel for Petitioners Bank of America Corp., Robertson Stephens, Inc., & Merrill Lynch, Pierce, Fenner & Smith Inc.
David W. Ichel , Joseph M. McLaughlin , Simpson Thacher & Bartlett LLP, New York, NY, for Petitioners J.P. Morgan Securities Inc. & Bear, Stearns & Co., Inc.
Carter G. Phillips , Sidley Austin LLP, Washington, DC, Joel M. Mitnick , Judith Welcom, Sidley Austin LLP, New York, NY, for Petitioner Deutsche Bank Securities Inc.
Justice SCALIA delivered the opinion of the Court.
We consider whether the 2-year period to file suit against a corporate insider under § 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b), begins to run only upon the insider's filing of the disclosure statement required by § 16(a) of the Act, § 78p(a).
I
Under § 16(b) of the Exchange Act, 48 Stat. 896, as amended, a corporation or security holder of that corporation...
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