On June 16, 2021, HGT Law secured victory in an appeal before the U.S. Court of Appeals for the Third Circuit in Aly, et al. v. Valeant Pharmaceuticals Int’l Inc., et al., No. 19-3326, one of the shareholder class action “opt-out” lawsuits currently litigated by HGT Law. The appeal turned on the application of the rule in American Pipe & Construction Company v. Utah, 414 U.S. 538 (1974), which tolls the statute of limitations for the claims of individual class members when a class action complaint is filed.
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