Wе are asked on this appeal to determine whether the pendency of a class actiоn tolls the applicable statutes of limitation for a subsequently filed class action and individual action. The district court held that the class action was time barred because the pendency of a similаr action did not toll the applicable statute of limitations. The court also determined that statе tolling doctrines applied to bar the individual action. We agree that the class action is barrеd. We disagree with the district court, however, that the individual action is also barred. We affirm in part, reversе in part, and remand.
FACTS AND PROCEEDINGS BELOW
Leon Robbin’s individual and class claims stem from an alleged securities fraud discoverеd on May 1, 198Í. A class action based on the same alleged fraud was filed in federal district court in New York on
This timely appeal followed. Our review is de novo. Donoghue v. County of Orange,
DISCUSSION
In American Pipe and Constr. Co. v. Utah,
Robbin asserts that the policy consideratiоns underlying the tolling doctrines of American Pipe and Crown, Cork should be extended to include class members who file subsequent class actions. This position has been squarely rejected by several courts. See Korwek v. Hunt,
In Korwek the Second Circuit carefully evaluated the рolicy considerations of extending American Pipe and Crown, Cork to subsequently filed class action. Korwek,
Turning to Robbin’s individual аction, the parties agree that the applicable limitation period is the three year рeriod specified in Cal.Civ.Proc.Code § 338(4) (West 1982). See Board of Regents v. Tomanio,
Robbin argues that Chardon should be limited to claims arising under 42 U.S.C.
We need not decide in this appeal whether federal or state tolling doctrines should apply to Robbin’s individual action. Wе conclude that under either federal or state law Robbin’s action is not time barred. Under federal tоlling law, American Pipe and Crown, Cork clearly operate to toll the statute of limitations during the pendency of the first class action. The result is the same under California law because California courts have elected to adopt the federal tolling doctrines of American Pipe and Crown, Cork. See LeVeque v. Abbott Laboratories, 194 Cal.App.3d. 1378,
CONCLUSION
Robbin’s class action is barred on limitations grounds. The limitations period was tolled, howevеr, for his individual action. We AFFIRM in part, REVERSE in part, and REMAND. The parties are to bear their own costs for appeal.
