The key securities litigation event this week is of course the Supreme Court’s decidedly pro-business – but also pro-SEC enforcement – decision in Stoneridge, the case many thought might be the decision of the century. In addition, the SEC continued …
Year: 2008
Stoneridge: Pro-Business, Pro-SEC Enforcement, Not The “Decision of the Century”
In its decision in Stoneridge yesterday, the Supreme Court handed down a decidedly pro-business decision, rejecting the notion of “scheme liability.” At the same time, the Court rejected an opportunity to dramatically narrow the scope of liability under the securities …
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