United States Supreme Court Changes in Determining Whether Judicial Decisions Should Apply Retroactively

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Authors
Ginn, Robert W.
Issue Date
1992
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INTRODUCTION|In a recent issue of the Creighton Law Review, I recommended that the United States Supreme Court adopt a federal uniform statute of limitations for actions brought under Section 10(b) of the Securities Exchange Act of 1934 ("1934 Act") and Rule 10b-5 ("10(b) action") promulgated under the Securities Exchange Act of 1934. In Lampf, Pleva, Lipkind, Prupis & Petigrow v. Gilbertson, the United States Supreme Court held that a federal statute of limitations derived from the 1934 Act should apply to all 10(b) actions. In Gilbertson, the majority applied its holding retroactively to the facts before the Court without addressing whether retroactive application was proper under Chevron Oil Co. v. Huson. In this article, I discuss how two recent cases, Gilbertson and James B. Beam Distilling Co. v. Georgia have signaled a change in the law regarding whether judicial decisions should apply retroactively....
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25 Creighton L. Rev. 29 (1991-1992)
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Creighton University School of Law
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