Further Analysis: Supreme Court Limits Securities Fraud Liability of Third Parties

As we reported on here, in Stoneridge Investment Partners, LLC v.Scientific-Atlanta, Inc., the U.S. Supreme Court recently declined to permit investor suits against third parties who engaged in deceptive acts that contributed to another party’s securities  fraud, where the third parties had no duty to disclose their acts to the public, and where their deceptive acts were in fact not communicated to the public.

Click here to read further further analysis about the decision and its impact.