The Supreme Court has folded its tent for the summer, but its rulings continue to reverberate on Capitol Hill.
The Senate Judiciary Committee has announced it will hold a hearing July 23 on the Supreme Court’s recent rulings on corporate misconduct — especially Exxon Shipping v. Baker, which cut the punitive damage award in the Exxon Valdez case, and Stoneridge Investment v. Scientific-Atlanta, which dealt with third-party liability in securities fraud cases.
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