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: InhouseBlog - News and Jobs for Inhouse CounselHigh Court?s ?Stoneridge? Ruling a Win for Business Defendants
By Law.com
In the much-awaited Stoneridge case, the Supreme Court on Tuesday handed a solid win to third-party defendants in securities litigation — including law firms, accountants and bankers — by shielding them from broad “scheme liability” for their tangential role in corporate fraud. The ruling, authored by Justice Anthony Kennedy, may curb what business defendants have portrayed as a relentless search by plaintiffs for alternative deep pockets in securities class actions.
Read the full article at Law.com.
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Full post as published by InhouseBlog - News and Jobs for Inhouse Counsel on January 16, 2008 (boomark / email).
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