X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In the cage match of the securities bar, Stoneridge Investment Partners v. Scientific-Atlanta, Solicitor General Paul Clement has sided with corporate interests over investors. On Wednesday, Clement filed an amicus brief for defendants in this Supreme Court case that could decide whether lawyers, accountants, bankers and other deep pockets can be sued by private investors for activities that arguably go beyond merely aiding and abetting corporate fraud.

The tensions stirred by this case extend beyond the usual plaintiff-corporate growling. In an extraordinary turn of events, the case has exposed a rift between the Securities and Exchange Commission and the Bush administration and its Department of Justice. The SEC had voted to support investors, a position that Clement rebuffed.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.