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The Supreme Court Rejects Liability of Customers, Suppliers and Other Secondary Actors in Private Securities Fraud Litigation

Article | Spring 2008
This article examines Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc. (In re Charter Communications), in which the Supreme Court rejected scheme liability, and discusses the immediate impact of this case on the exposure of customers, suppliers and other secondary actors to liability in private federal securities fraud litigation.
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