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Trades File Amicus Brief in FDIC v. Credit Suisse

The Clearing House (TCH), ABA and SIFMA filed an amicus brief in the Second Circuit in support of a request for a rehearing in FDIC v. Credit Suisse. This case is one of the many “extender” statute cases that poses the question whether the FDIA displaces both preexisting statutes of limitations and statutes of repose when it sets the “applicable statute of limitations” for the FDIC to bring suit as a receiver.