High Court’s ‘Stoneridge’ Ruling a Win for Business Defendants
- Posted by Law.com on January 16th, 2008
- Filed in Corporate/M&A, News
In the much-awaited Stoneridge case, the Supreme Court on Tuesday handed a solid win to third-party defendants in securities litigation — including law firms, accountants and bankers — by shielding them from broad “scheme liability” for their tangential role in corporate fraud. The ruling, authored by Justice Anthony Kennedy, may curb what business defendants have portrayed as a relentless search by plaintiffs for alternative deep pockets in securities class actions.
The Supreme Court, Judge Roberts and Business
Tax Case Before High Court Could Mean Big Bucks for Business
Former Top Lawyer Faces Life in Jail for Phony Deal
Boundary Flare-Up: The Supreme Court Revisits Constitutional Limitation on States’ Power to Tax
Intrade: Alito is the Next Supreme Court Nominee
Leave a Comment