Gabelli, et al., v. SEC

Docket No., 11-1274

Argument Date: January 8, 2013

Questions Presented

Section 2462 of Title 28 of the United States Code provides that "except as otherwise provided by Act of Congress" any penalty action brought by the government must be "commenced within five years from the date when the claims first accrued." (emphasis added). This Court has explained that "[i]n common parlance a right accrues when it comes into existence." United States v. Lindsay, 346 U.S. 568, 569 (1954).

Where Congress has not enacted a separate controlling provision, does the government's claim first accrue for purposes of applying the five-year limitations period under 28 U.S.C. § 2462 when the government can first bring an action for a penalty?

Source

Advertisement