Cases & Deals

Cato Institute files amicus curiae brief before U.S. Supreme Court in case with potentially far-reaching implications on ability of government agencies to seek civil penalties

Clients Cato Institute, The

In November 2012, Jones Day filed an amicus brief before the U.S. Supreme Court on behalf of The Cato Institute seeking reversal of a Second Circuit ruling that the general 5-year statute of limitations for government actions seeking civil penalties does not begin to run until the Government discovers the alleged statutory violation. The brief argues that, absent any affirmative steps by a defendant to conceal a violation, the statute of limitations begins to run as soon as each element of the Government’s claim is present.

Gabelli v. SEC, No. 11-1274 (U.S.)