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The most important securities case in decades will be decided in the next U.S. Supreme Court term. Stoneridge Investment Partners v. Scientific Atlanta Inc. , on appeal from the 8th Circuit, should eliminate the ambiguity that has prevented courts from consistently applying the holding of Central Bank of Denver N.A. v. First Interstate Bank N.A. that there is no private cause of action for aiding and abetting a violation of � 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5.
August 27, 2007 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
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