Tuesday, April 24, 2007 7:41 AM
The blawgosphere continues to cover key court cases and appeals, the latest being Stoneridge Investment Partners v. Scientific-Atlanta, a securities case which will go before the United States Supreme Court next term.
Taking a quote from a post at The Wall Street Journal's Law Blog last month,
“I think this is the most important case for the securities industry in a generation,” says Robert Giuffra of Sullivan & Cromwell, who is currently defending UBS Securities in a securities-fraud litigation relating to accounting fraud at HealthSouth. “The adoption of a broad and amorphous theory of scheme liability by the Supreme Court could have adverse consequences for the competitiveness of Wall Street and the U.S. capital markets.”
The theory of scheme liability, pressed in recent years by plaintiffs lawyers, contends that advisers should be held liable when they participate in a scheme to defraud.
The Most Important Securities Case in a Generation? and Parties Woo SEC for Supreme’s Big Securities Case - WSJ Law Blog
Beyond the WSJ Law Blog, here is a sampling of others providing coverage:
Supreme Court Grants Cert in Case That Re-opens Central Bank - Conglomerate
SCOTUS to hear Stoneridge Investment v. Scientific-Atlanta - Point of Law
Crunch-time for securities class actions - Ideoblog
SCOTUS to review Eighth Circuit Court of Appeals’ ... - Showmeblawgs
That Didnt Take Long: Supremes May Overturn Basis for Last Weeks Enron Decertification - Blawgletter
Analysis: Impetus from an Enron ruling? - SCOTUSBlog
Or, as always, please feel free to try your own search of the blawgosphere. Here is the search I used for starters.