Stoneridge Investment Partners: The Supreme Court Rejects "Scheme Liability"
July 3, 2008
Larry J. ObhofOn January 15, 2008, the Supreme Court issued its decision in Stoneridge Investment Partners LLC v. Scientific-Atlanta, Inc., a case heralded by commentators as the “most important securities case in decades.” The Stoneridge decision rejects a theory of scheme liability that would have greatly expanded the universe of potential securities class action defendants....
Stoneridge Investment Partners: The Supreme Court Rejects "Scheme Liability"
