Don't Pop The Stoneridge Champagne Corks Just Yet

Law360, New York (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...
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