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It is not that the warrant has expired, but some crimes have a limited statute of limitations (period in which the suspect can be prosecuted).
"Limiting the statute of limitations period for Martin Act claims is significant not only for this case but for all future industry proceedings," the bank said in a statement.
But if person A fails to act within the limitations period, his action will be barred.
Boyer brought this motion to quash soon after the limitations period under the statute had elapsed.
Moreover, AEDPA's limitations period is neither unusually generous nor unusually complex.
Individual Member States may lengthen the limitations period (Article 3(3)).
In fact, most state laws impose a 2 year limitations period.
As a result, she concluded that the longer limitations period applied to the UBS case.
The federal statute of limitations period in which a criminal prosecution can be instituted is five years from the violation.
The sole question presented in this case is whether disgorgement, as applied in SEC enforcement actions, is subject to § 2462's limitations period.
Merck moved to dismiss on the ground that the two-year limitations period had already run, and the court granted the motion.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com