That’s what I used to think also. But I’ve heard the clock doesn’t start until they are executed. The creation of the warrants won’t be brought into question, only the actual execution of them at the time they are executed. But I’m not a securities/financial lawyer … so who knows?
There are exceptions to tolling of statutes of limitations. Until SCOTUS ruled that we could sue for takings under constitutional claims, the lower courts had ruled that only FHFA could sue itself while the corporations are in conservatorship. Attaching a few exceptions to tolling.