[15] Only the Tenth Circuit takes the opposite view, see Joseph v. Wiles, 223 F.3d 1155 (10th Cir. 2000), though CalPERS argues that the Seventh and Federal Circuits also espouse viewpoints inconsistent with the Second Circuit’s decision. SeeAppleton Electric Co. v. Graves Truck Line, Inc., 635 F.2d 603 (7th Cir. 1980); Bright v. United States, 603 F.3d 1273 (Fed. Cir. 2010).[16] Transcript of Oral Argument at 45, California Public Employees’ Retirement System v. ANZ Securities, Inc., et al. (April 17, 2017) (No. 16-373).