Stoneridge: Not The End Of The Road

Law360, New York (January 18, 2008, 12:00 AM EST) -- The United States Supreme Court on Jan. 15, 2008, issued its highly anticipated decision in Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc., sharply curtailing if not virtually eliminating a popular theory under which banks, auditors, outside advisors and business partners had been charged with securities fraud liability as a result of their business relationships and dealings with public companies that had engaged in securities fraud.

At issue in the case was whether companies that had business dealings with a public company which had engaged in securities...
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