Still No Aiding And Abetting Liability Provision

Law360, New York (July 28, 2010, 9:46 AM EDT) -- In Stoneridge Investment Partners LLC v. Scientific-Atlanta Inc., 552 U.S. 148 (2008), the U.S. Supreme Court affirmed what had long been the law — namely, that there was no private right of action for aiding and abetting liability under Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”).

In the wake of that decision, there have been several legislative efforts whose stated goal was to overturn the decision. As described below, these recent efforts, like past attempts, have not yielded a new cause...
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