Scheme Liability, Section 10(b), and Stoneridge Investment Partners v. Scientific Atlanta

 

This symposium is co-sponsored by the Federalist Society's Litigation Practice Group and its Corporations, Securities, & Antitrust Practice Group as well as by the Case Western Reserve University School of Law.

On October 9, the U.S. Supreme Court will hear Stoneridge Investment Partners v. Scientific-Atlanta, arguably the most important securities law case to reach the Court in a decade. In Stoneridge, the Court will consider whether primary liability under Section 10(b) extends to third-parties, such as auditors, attorneys, or vendors, who engage in allegedly fraudulent transactions with a public corporation.

In Central Bank of Denver v. First Interstate Bank of Denver (1994), a divided Supreme Court rejected claims of secondary liability under Section 10(b). Stoneridge calls upon the court to revisit Central Bank and reconsider the limits on liability for third-parties in securities litigation.

This case is of tremendous importance to all those with a corporate law or securities practice, as well as those who work with financial services or retirement and pension funds. Numerous trade associations and thirty states, including Ohio, have already participated in the case as amici, with more to follow.

Panelists confirmed to date:

• Prof. Stephen Bainbridge, University of California, Los Angeles - School of Law
• Prof. Barbara Black, University of Cincinnati College of Law
• Prof. J. Robert Brown, Jr., University of Denver College of Law
• Mr. Eric A. Isaacson, Lerach Coughlin Stoia Geller Rudman & Robbins LLP
• Prof. Richard W. Painter, University of Minnesota Law School
• Mr. Ashley C. Parrish, Kirkland & Ellis LLP
• Ms. Andrea Seidt, Deputy Chief Counsel, Office of the Ohio Attorney General Marc Dann

For more information, including a detailed schedule, please click HERE.

All participants may register online. The symposium is free and open to the public. Pending approval, 3.5 hours of Ohio CLE credit will be available for a $100 fee to lawyers who attend. Registration deadline is Friday, September 21, 2007. Space is limited. We encourage early registration. After the deadline, please call Case Western to see if there is space available.

Click HERE to register online.

The program will be broadcast live in a video webcast HERE.

 Please call Case Western at (216) 368-6619 with any questions.