Stradley Ronon Partner Keith Dutill was quoted in the Ignites article, "Supreme Court Sets Clock for Class Action Dropouts," on the U.S. Supreme Court's decision in a case regarding class-action opt-outs and the statute of repose.
"Although opting out of a class can lead to a larger award for plaintiffs, the impact of the court's decision may be minimal for fund providers, says Keith Dutill, a partner at Stradley Ronon. Previously, a New York circuit court had reached a similar conclusion, and plaintiffs have since 'evaluated their opt-out options and timetable accordingly,' knowing that opting out of a class does not pause a statute of repose, Dutill says. While the decision clarifies the law, it is not likely to change the way most mutual funds approach these issues, he adds."
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