Supreme Court Preview Symposium
“SCHEME LIABILITY, SECTION 10(b), and STONERIDGE INVESTMENT PARTNERS v. SCIENTIFIC ATLANTA”
Cosponsored by – Corporate Law Practice Group of the Federalist Society for Law and Public Policy Studies
Moot Courtroom (A59) * Case Western Reserve University School of Law
On October 9, the U.S. Supreme Court will hear Stoneridge Investment Partners v. Scientific-Atlanta, arguably the most important securities law case to reach the Court in a decade. In Stoneridge, the Court will consider whether primary liability under Section 10(b) extends to third-parties, such as auditors, attorneys, or vendors, who engage in allegedly fraudulent transactions with a public corporation.
In Central Bank of Denver v. First Interstate Bank of Denver (1994), a divided Supreme Court rejected claims of secondary liability under Section 10(b). Stoneridge calls upon the court to revisit Central Bank and reconsider the limits on liability for third-parties in securities litigation.
This case is of tremendous importance to all those with a corporate law or securities practice, as well as those who work with financial services or retirement and pension funds. Numerous trade associations and thirty states, including Ohio, have already participated in the case as amici, with more to follow.
Background & Resources on Stoneridge Investment Partners v. Scientific Atlanta
8:45 a.m. - 9:00 a.m. – Welcome
Prof. Jonathan H. Adler, Director, Center for Business Law and Regulation, Case Western Reserve University School of Law
Dean Reuter, Director of Practice Groups, the Federalist Society
9:00 a.m.-10:15 a.m. – Panel One – Scheme Liability under Section 10(b)
Moderator: Larry J. Obhof, Associate, Kirkland & Ellis LLP
- Richard W. Painter, S. Walter Richey Professor in Corporate Law
University of Minnesota Law School
- Prof. J. Robert Brown, Jr.
University of Denver Sturm College of Law
- Barbara Black, Charles Hartsock Professor of Law
University of Cincinnati College of Law
10:30 a.m. - 11:45 a.m. – Panel Two – The Costs & Benefits of Scheme Liability
Moderator: Craig Boise, Associate Professor and Associate Director, Center for Business Law and Regulation, Case Western Reserve University School of Law
- Stephen M. Bainbridge, William D. Warren Professor of Law
University of California, Los Angeles, School of Law
- James R. Copland, Director, Center for Legal Policy
Manhattan Institute for Policy Research
- Andrea Seidt, Deputy Chief Counsel
Office of the Ohio Attorney General Marc Dann
12:15 p.m. - 1:30 p.m. – Debate – Stoneridge v. Scientific-Atlanta
Moderator: Prof. Jonathan H. Adler
- Eric Alan Isaacson, Partner
Coughlin Stoia Geller Rudman & Robbins LLP
- Ashley C. Parrish, Partner
Kirkland & Ellis LLP