A right of action under section 10(b)may expire before a plaintiff discovers he has been wronged or even before damages have been suffered at all.

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This statement is true. The statute of limitations for a section 10(b) claim is typically two to five years, meaning that a plaintiff must bring their claim within that time frame. This time period starts from when the alleged fraud occurred or when the plaintiff should have discovered it through reasonable diligence, regardless of whether they have actually suffered damages yet. Therefore, the right of action may expire before damages are suffered or even before the plaintiff realizes they have been wronged.

A Right of Action Under Section 10(b)may Expire Before a Plaintiff