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Stoneridge Debate

From the Federalist Society’s website:

On January 15, 2008 the Supreme Court decided the Stoneridge Investment v. Scientific Atlanta case. The Court ruled that the implied private right of action in section 10 (b) does not extend to fraud claims against a non-issuer of a security whose allegedly misleading statements and conduct was not directly relied on by investors in making investment decisions. UCLA Law professor Stephen Bainbridge, Denver Sturm College of Law professor Jay Brown, the American Enterprise Institute’s Ted Frank, Mayer Brown’s Andrew Pincus, University of Texas at Austin - McCombs School of Business professor Robert Prentice, and Ohio Assistant Attorney General Andrea Seidt debate whether the Court decided the Stoneridge case correctly.  UCLA Law professor Stephen Bainbridge, Denver Sturm College of Law professor Jay Brown, the American Enterprise Institute’s Ted Frank, Mayer Brown’s Andrew Pincus, University of Texas at Austin - McCombs School of Business professor Robert Prentice, and Ohio Assistant Attorney General Andrea Seidt debate whether the Court decided the Stoneridge case correctly.