Robert Knuts, a partner at Allen & Overy, and Laura Martin, an associate at the firm, write that the future of "scheme liability" as a basis for bringing class action claims against third parties, such as investment banks and accounting firms, under the antifraud provisions of U.S. federal securities laws will be determined by the U.S. Supreme Court in Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc.
DOJ Backs 'Scheme Liability' in Third-Party Class Actions
New York Law Journal
September 28, 2007
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