(a) Effect on pending causes of action. The limitation period for
any private civil action implied under section 10(b) of this Act that
was commenced on or before June 19, 1991, shall be the limitation
period provided by the laws applicable in the jurisdiction, including
principles of retroactivity, as such laws existed on June 19, 1991.
(b) Effect on dismissed
causes of action. Any private civil action implied under section
10(b) of this Act that was commenced on or before June 19, 1991—
(1) which was dismissed as time barred
subsequent to June 19, 1991, and
(2) which would have been timely filed
under the limitation period provided by the laws applicable in the
jurisdiction, including principles of retroactivity, as such laws
existed on June 19, 1991,
shall be reinstated on motion by the plaintiff not later than 60
days after the date of enactment of this section.
[15 USC 78aa-1. As
added by act of Dec. 19, 1991 (105 Stat. 2387). ]
