<p dir="ltr" id="docs-internal-guid-5b5e460d-345f-ed25-7c88-b806f78c2d7f">More than a dozen European pension funds and asset managers have joined with other prominent institutional investors to seek a legal ruling that could have&nbsp;significant implications for investors seeking compensation through the courts.</p> <p dir="ltr">The funds &ndash; including APG, AP1, Industriens Pension, and the Universities Superannuation Scheme &ndash; have filed an amicus curiae (&ldquo;friend of the court&rdquo; brief) with the US Supreme Court asking it to review and overturn a 2014 ruling that placed a one-year time limit on filing class actions.</p> <p dir="ltr">The case, which has significant implications for the institutional investor community, concerns the timeframe for investors to pursue lawsuits seeking recovery of damages under US securities laws. It has been brought by the California Public Employees&rsquo; Retirement System (CalPERS), the largest public pension fund in the US.&nbsp;CalPERS is suing ANZ Securities over losses resulting from the Lehman Brothers bankruptcy.</p> <p dir="ltr">In all, 75 investors with more than $4trn (&euro;3.75trn) in assets under management have joined together to back CalPERS. Other European supporters include Aegon Asset Management, Blue Sky Group, MP Investment Management, PGGM Investments, SEB Investment Management, and Storebrand, while the retirement systems for more than a dozen US states including New York and Pennsylvania are supporting the brief.</p>