The Federalist Society

Stoneridge Investment Partners: The Supreme Court Rejects "Scheme Liability"

July 3, 2008

Larry J. Obhof

On 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"  


The Federalist Society