The court applied the Texas two-year statute of limitations for misstatement claims, reasoning that Texas courts, unlike federal courts, view statutes of limitation as procedural, except in limited inapplicable circumstances. The court agreed with Plaintiffs that the Texas tolling rule is similar to American Pipe tolling, but rejected Plaintiffs’ argument for American Pipe tolling, reasoning that under Bell v. Showa Denko K.K., 899 S.W.2d 749, 758 (Tex. Civ. App. – Amarillo 1995), “a class action does not toll a later-filed individual claim unless the class action provides the defendant with ‘notice of the type and potential number of the claims against it.’” The court noted that the Fifth Circuit, in Vaught v. Showa Denko K.K., 107 F.3d 1137, 1145 (5th Cir. 1997), has cited Bell for the proposition that a federal class action likely cannot toll the statute of limitations for a claim filed in state court, and thereby stated “in very strong terms that it doubts ‘a federal class action filed in Texas or in any other state would ever toll a statute of limitations, regardless of the type claims raised.’