Don't Pop The Stoneridge Champagne Corks Just Yet

Law360 (March 10, 2008, 12:00 AM EDT) -- The Supreme Court decision in Stoneridge Investment Partners v. Scientific-Atlanta will not be the panacea some believe; nor necessarily reduce substantially the amount of private securities litigation nor enforcement actions by governmental agencies.

In Stoneridge Investment Partners v. Scientific-Atlanta, the United States Supreme Court recently decided that investors could not sue under so-called "scheme liability," a theory under which those who knowingly assist corporations in committing fraudulent acts may be subject to liability.

The rejection of scheme liability in investor lawsuits is a major victory for...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.