Is a federal right of action for which no statute of limitations is provided subject to the limitations period which the forum state applies?
MultiRegion, United States of America
The following excerpt is from PNC Bank v. Sterba (In re Sterba), 852 F.3d 1175 (9th Cir. 2016):
an effective choice by the parties, to apply the simple, well-established rule that a federal right of action for which no statute of limitations is provided is subject to the limitations period which the forum state applies to analogous claims. Wilson v. Garcia , 471 U.S. 261, 26667, 105 S.Ct. 1938, 85 L.Ed.2d 254 (1985).
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