US Supreme Court denies cert on McConnell issue

The United States Supreme Court has denied certiorari in Nevada v. Harte.  The case presented a challenge by the State to the Nevada Supreme Court's decision in McConnell v. State.

The Court granted certiorari in one case this morning:  Merck & Co. v. Reynolds presents the issue of whether under the "inquiry notice" standard applicable to federal securities claims, the statute of limitations does not begin to run until an investor receives evidence of scienter.