Securities litigators at Atlanta’s Alston & Bird office recently persuaded a federal appeals court to rule in favor of their client, Scientific-Atlanta, on what they call a hot topic in securities litigation.
On April 11, a panel of the 8th U.S. Circuit Court of Appeals said that shareholders of cable company Charter Communications cannot recover from Scientific-Atlanta and Motorola based on allegations that the technology manufacturers sold Charter cable boxes through “sham” transactions that Charter used to mislead its investors.
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