{"id":206,"date":"2007-07-31T17:58:45","date_gmt":"2007-07-31T17:58:45","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/07\/loss_on_worldcom_enron_etc_it"},"modified":"2021-09-20T15:41:17","modified_gmt":"2021-09-20T20:41:17","slug":"loss-on-worldcom-enron-etc-it","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/loss-on-worldcom-enron-etc-it\/","title":{"rendered":"Loss on Enron, Worldcom, etc.?  It May Not Be Too Late!"},"content":{"rendered":"<p>\t\t\t\tUsually lawsuits must be filed within a few years after the wrongful acts, or when one knew or should have known of the wrongdoing.  For example, federal and most state securities laws require lawsuits to be filed by 2 or 3 years after the problem is known or made public, but no later than 5 years in any event.   <\/p>\n<p>However, if a class action is filed on behalf of shareholders, this &#8220;tolls&#8221; the limit for filing a case for those the case seeks to represent.  If, for example, if a shareholder decides to &#8220;opt out&#8221; of the class action, or it is later decided the class action can not be maintained, the &#8220;window&#8221; for such shareholders to file their own cases remains open. (Caution: The remaining time to file a case may then be quite short.)  <\/p>\n<p>WorldCom Inc. bondholders were in this position.  A class action was filed, including a class of bondholders.  Some of these bondholders decided to file their own case before the class was &#8220;certified&#8221; (when the court decides whether the class members have claims common to all of them, etc.)  Using strange reasoning, the federal judge presiding over their case decided that, because these bondholders did not wait for the class to be certified, they could not use the tolling benefit of the class action.  Because the case was otherwise filed too late, it was dismissed. <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/loss-on-worldcom-enron-etc-it\/\"  title=\"Continue Reading Loss on Enron, Worldcom, etc.?  It May Not Be Too Late!\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Usually lawsuits must be filed within a few years after the wrongful acts, or when one knew or should have known of the wrongdoing. For example, federal and most state securities laws require lawsuits to be filed by 2 or 3 years after the problem is known or made public, but no later than 5 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3804,3809,3800],"tags":[],"class_list":["post-206","post","type-post","status-publish","format-standard","hentry","category-class-action-lawsuits","category-enron","category-merrill-lynch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Loss on Enron, Worldcom, etc.? It May Not Be Too Late! &#8212; Investor Lawyers Blog &#8212; July 31, 2007<\/title>\n<meta name=\"description\" content=\"Usually lawsuits must be filed within a few years after the wrongful acts, or when one knew or should have known of the wrongdoing. For example, federal &#8212; July 31, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/loss-on-worldcom-enron-etc-it\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Loss on Enron, Worldcom, etc.? It May Not Be Too Late! &#8212; Investor Lawyers Blog &#8212; July 31, 2007\" \/>\n<meta name=\"twitter:description\" content=\"Usually lawsuits must be filed within a few years after the wrongful acts, or when one knew or should have known of the wrongdoing. For example, federal &#8212; July 31, 2007\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Loss on Enron, Worldcom, etc.? It May Not Be Too Late! &#8212; Investor Lawyers Blog &#8212; July 31, 2007","description":"Usually lawsuits must be filed within a few years after the wrongful acts, or when one knew or should have known of the wrongdoing. For example, federal &#8212; July 31, 2007","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/loss-on-worldcom-enron-etc-it\/","twitter_card":"summary_large_image","twitter_title":"Loss on Enron, Worldcom, etc.? It May Not Be Too Late! &#8212; Investor Lawyers Blog &#8212; July 31, 2007","twitter_description":"Usually lawsuits must be filed within a few years after the wrongful acts, or when one knew or should have known of the wrongdoing. For example, federal &#8212; July 31, 2007","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/loss-on-worldcom-enron-etc-it\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/loss-on-worldcom-enron-etc-it\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Loss on Enron, Worldcom, etc.? It May Not Be Too Late!","datePublished":"2007-07-31T17:58:45+00:00","dateModified":"2021-09-20T20:41:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/loss-on-worldcom-enron-etc-it\/"},"wordCount":449,"articleSection":["Class Action Lawsuits","Enron","Merrill Lynch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/loss-on-worldcom-enron-etc-it\/","url":"https:\/\/www.investorlawyers.com\/blog\/loss-on-worldcom-enron-etc-it\/","name":"Loss on Enron, Worldcom, etc.? It May Not Be Too Late! &#8212; Investor Lawyers Blog &#8212; July 31, 2007","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2007-07-31T17:58:45+00:00","dateModified":"2021-09-20T20:41:17+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Usually lawsuits must be filed within a few years after the wrongful acts, or when one knew or should have known of the wrongdoing. For example, federal &#8212; July 31, 2007","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/loss-on-worldcom-enron-etc-it\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/loss-on-worldcom-enron-etc-it\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/loss-on-worldcom-enron-etc-it\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Loss on Enron, Worldcom, etc.? It May Not Be Too Late!"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards &amp; Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards &amp; Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-3k","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=206"}],"version-history":[{"count":1,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/206\/revisions"}],"predecessor-version":[{"id":20147,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/206\/revisions\/20147"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}