The Tennessee Supreme Court just issued its opinion in In re Estate of Davis, No. M2009-00660-SC-S09-CV (Tenn. Apr. 23, 2010). While this case involves the probate of a will, the opinion offers a good discussion of (1) statutes of limitations vs. statutes of repose; (2) statutory construction; and (3) fraudulent concealment and how it tolls the limitations period.
Here's a link to the opinion:
http://www.tsc.state.tn.us/OPINIONS/TSC/PDF/102/SC%20Inre%20Estate%20of%20Mary%20Reeves%20Davis%20opn.pdf
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