Secondary Liability After Stoneridge
Author: Carol B. Stubblefield.
Source: Volume 21, Number 06, July/August 2008 , pp.17-22(6)
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Abstract:
Stoneridge provides substantial protection to Third parties who conduct business with a public company and participate in a scheme to defraud, but who themselves neither have a duty to disclose nor make any misleading public statement, are not subject to private rights of action under section 10(b).Keywords: Stoneridge Investment Partners, LLC v. Scientific-Atlanta; securities fraud
Affiliations:
1: Baker & McKenzie LLP.