"Scheme Liability" takes a hit with the highe court verdict in Stoneridge Investment Partners v. Scientific-Atlanta - one of the most anticipated cases of '07. Details at Legal Times.

Labels: scheme liability, securities, Stoneridge

A bit of the overwrought from the Chicago Tribune... Good coverage on the case can be found at the blog of the National Association of Manufacturers (where I saw the Tribune article).

I'd probably find myself disagreeing with the NAM point of view, but that doesn't mean I don't like their style.

- MDT

Labels: scheme liability, securities, Stoneridge, third party liability

A potential pyrrhic victory for Bill Lerach, whose Enron investor suit weighs heavily on the outcome, Stoneridge Investment Partners, LLC v. Scientific-Atlanta will be one of the most watched cases of the year. The case will determine the currency of scheme liability - whether third parties that knowingly participate in fraud can be held liable for their actions. Will the Supremes back the President's play or follow the lead of SEC Chairman Christopher Cox? We'll see. WSJ handicaps the case right here.

-- MDT

Labels: Bill Lerach, Enron, scheme liability, Stoneridge