Class Action Lawsuits Statute of Limitations
The statute of limitations for class action lawsuits in federal court can vary depending on the specific federal law that is being invoked. In general, class action lawsuits are governed by the Federal Rules of Civil Procedure and the statute of limitations for the underlying claim applies to the class action suit as well.
For example, if the class action lawsuit is based on a contract dispute, the statute of limitations would typically be six years from the date the cause of action accrues, as it is for contract disputes. If the class action lawsuit is based on securities fraud, the statute of limitations would typically be five years from the date of the fraud or from the date the fraud should have been discovered.
It's important to note that there may be some exceptions to this and some other specific circumstances may affect the statute of limitations. It's always best to consult with an attorney to determine the specific statute of limitations for a particular case.