Does the statute of limitations establish a deadline after which a defendant may legitimately have peace of mind?

MultiRegion, United States of America

The following excerpt is from Nealey v. Transportacion Maritima Mexicana, S. A., 662 F.2d 1275 (9th Cir. 1980):

11 Consequently, this is not a case where, standing alone, "the statute of limitations establishes a deadline after which the defendant may legitimately have peace of mind." Walker v. Armco Steel Co., --- U.S. ----, ----, 100 S.Ct. 1978, 1985, 64 L.Ed.2d 659 (1980).

12 Title 28 U.S.C. 1448 provides:

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