Susan Hurd was a featured speaker at this program hosted by PLI, which discussed the Supreme Court's decision in Stoneridge Investment Partners, LLC v. Scientific Atlanta, Inc. on January 15th holding that shareholders cannot assert a Section 10(b) and Rule 10b-5 claim against a company’s business partners who engage in conduct that aids the company’s securities fraud. Unlike the Court’s recent prior decisions in the securities area which were unanimous or nearly so, the Court split rather divisively 5-3. Moreover, the majority opinion itself affirmed the Court of Appeals for the Eighth Circuit on grounds different from that argued by the defendants.
Thursday, January 31, 2008
1:00pm - 2:00pm