News & Events

News & Events

1.16.2008

U.S. Supreme Court Curtails Investor Lawsuits: Possible Effects on Subprime Exposure

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The United States Supreme Court dealt a significant blow to investor lawsuits in a decision issued on January 15, 2008. In Stoneridge Investment Partners v. Scientific-Atlanta, Inc. (06-43), the Supreme Court curbed the ability of shareholders to recover damages from “secondary” parties, which could include investment banks, lawyers, accountants, consultants and other parties. View full article (PDF).