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Susan Levy v. BASF Metals Limited, et al.

Paid petition · United States Court of Appeals for the Second Circuit, No. 17-3823 · judgment February 28, 2019


Certiorari denied · November 18, 2019
Pre-decision estimate: 0% cert probability

Before the decision, well below the 4.1% base rate, with no standout signals pointing toward a grant.

Questions presented

The issues-presented are important because they concern individual rights, a principal that our founders used to establish our Democracy that allowed a person to protect her own interests, free from the shackles of group think. The time has come to address investor rights in a meaningful way. Many investors have suffered in silence by experiencing monetary losses without even understanding how. Class actions are one avenue of recovery, but in some cases, an investor’s chances of a full recovery as a class member may be described as riding on a wing and a prayer. Whether through pension funds or as in petitioner’s own case by attempting to invest on her own; investors would now like to realize their right to proceed in court when necessary and individually. Therefore, petitioner seeks resolution of the following questions:

  1. Whether the lower courts erred in failing to apply American Pipe tolling to petitioner’s opt-out case?

  2. Whether the lower courts erred in refusing to apply the Discovery Accrual Rule to petitioner’s Commodity Exchange Act (“CEA”) claims? A. Whether petitioner’s monetary losses in her customer account constituted Actual Notice of her federal claims? B. Whether petitioner’s monetary losses in her customer account standing alone constituted Inquiry Notice or “Storm Warnings” of her federal claims?

Counsel of record

For petitioner
Susan Joan Levy
Levy & Levy

For respondent
Stephen Ehrenberg
Sullivan & Cromwell, LLP

Case

Conference history
Distributed for 1 conference

Linked docket
19A40

Proceedings

  1. Nov 18 2019
    Petition DENIED.
  2. Oct 30 2019
    DISTRIBUTED for Conference of 11/15/2019.
  3. Oct 24 2019
    Waiver of right of respondents Goldman Sachs International; Goldman Sachs Groups, Inc., et al. to respond filed.
  4. Sep 19 2019
    Petition for a writ of certiorari filed. (Response due October 24, 2019)
  5. Jul 15 2019
    Application (19A40) granted by Justice Ginsburg extending the time to file until September 19, 2019.
  6. Jul 03 2019
    Application (19A40) to extend the time to file a petition for a writ of certiorari from July 21, 2019 to September 19, 2019, submitted to Justice Ginsburg.