LAW & REGULATION
From Times Staff and Wire Reports
Justices Limits Securities Fraud Cases: The Supreme Court placed deadlines on some lawsuits charging securities fraud in a ruling likely to preclude many investors who claim they were bilked from suing. The justices ruled 5-4 that time limits imposed by federal law take precedence over longer statutes of limitations passed by the states. The decision was a victory for a New Jersey law firm sued in Oregon by investors who said they were defrauded.
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