Fix code in the Tolling Agreement

Aug 6th, 2022
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Tolling is a legal doctrine that allows for the pausing or delaying of the running of the period of time set forth by a statute of limitations, such that a lawsuit may potentially be filed even after the statute of limitations has run.
While tolling agreements have benefits, they may also have drawbacks, such as potential conflicts with court scheduling orders or leading to more protracted litigation if counterclaims are postponed.
In the context of section 2462, tolling agreements serve essentially as contractual permission slips, signed by the SEC and a private party, that purport to empower courts to do something that Congress has plainly said they cannot do namely, to entertain a case that seeks a fine, penalty, or forfeiture based on a
Tolling is a legal principle that allows for the suspension or extension of the statute of limitations period. The statute of limitations typically sets a time limit within which legal actions must be initiated. However, in certain situations, tolling can pause or extend this time limit.
Both parties must agree on when the suspension will end when the course is set. Typically, the agreement tolls the litigation by 90 days or three months. If the suspension ends and the plaintiff has not filed a claim, the defendant can use this as a defense to state that the statute of limitations has expired.
A tolling agreement is a written agreement, signed by both sides to a potential lawsuit, that suspends the statute of limitations for an agreed amount of time.

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