The hundreds of pages of arguments in the more than 30 briefs filed in what many call the most important securities case in a generation boil down to one question: Who, besides the chief actor in a securities fraud, can be sued in private securities litigation? The answer from the U.S. Supreme Court in Stoneridge could have major ramifications, in particular for law firms and accounting firms, but also for bankers and vendors. The Court will hear arguments in the case on Oct. 9.
September 18, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The hundreds of pages of arguments in the more than 30 briefs filed in what many call the most important securities case in a generation boil down to one question: Who, besides the chief actor in a securities fraud, can be sued in private securities litigation?
And the answer, agree the two sides who agree on virtually nothing else, could have major ramifications for law firms and accounting firms, in particular.
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