The Federalist Society

Stoneridge v. Scientific-Atlanta Debate - Event Video

October 5, 2007

Eric A. Isaacson, Ashley C. Parrish, Jonathan H. Adler

The following audio and video were recorded on October 5, 2007.

On October 9, the U.S. Supreme Court heard Stoneridge Investment Partners v. Scientific-Atlanta, arguably the most important securities law case to reach the Court in a decade. In Stoneridge, the Court will consider whether primary liability under Section 10(b) extends to third-parties, such as auditors, attorneys, or vendors, who engage in allegedly fraudulent transactions with a public corporation.

In Central Bank of Denver v. First Interstate Bank of Denver (1994), a divided Supreme Court rejected claims of secondary liability under Section 10(b). Stoneridge calls upon the court to revisit Central Bank and reconsider the limits on liability for third-parties in securities litigation.

This case is of tremendous importance to all those with a corporate law or securities practice, as well as those who work with financial services or retirement and pension funds. Numerous trade associations and thirty states, including Ohio, have already participated in the case as amici, with more to follow.

Stoneridge v. Scientific-Atlanta Debate 10-5-07
Running Time: 01:13:06
[ Full Video - located on Case Western's web site]

12:15 p.m. - 1:30 p.m.
Debate – Stoneridge v. Scientific-Atlanta

  • Eric Alan Isaacson, Partner, Coughlin Stoia Geller Rudman & Robbins LLP
  • Ashley C. Parrish, Partner, Kirkland & Ellis LLP
  • Prof. Jonathan H. Adler, Director, Center for Business Law and Regulation, Case Western Reserve University School of Law

Case Western Reserve University School of Law
Cleveland, OH

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