Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc., et al.

Subject:

Securities Law, Public Corporations, Transactions, Securities Exchange Act of 1934, Deceptive Conduct

• Whether the Supreme Court's decision in Central Bank, N.A. v. First Interstate Bank, N.A., 511 U.S. 164 (1994), forecloses claims for deceptive conduct under § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), and Rule 10b-5(a) and (c), 17 C.F.R. 240.l0b-5(a) and (c), where Respondents engaged in transactions with a public corporation with no legitimate business or economic purpose except to inflate artificially the public corporation’s financial statements, but where Respondents themselves made no public statements concerning those transactions.

• U.S. Court of Appeals - 8th Circuit Opinion Filed: April 11, 2006
• United States Supreme Court, Cert. Granted: March 26, 2007

Resources:

• Docket Sheet From the U.S. Supreme Court.