United States reliancescheme liabilitysecondary liability

Stoneridge Investment Partners LLC v Scientific-Atlanta Inc

552 U.S. 148 (2008)

JurisdictionUnited States

CourtSupreme Court of the United States

Year2008

StatusBinding authority

Key Principle

Section 10(b) does not create liability for aiders and abettors in private securities fraud actions; a defendant must make a deceptive statement or act relied upon by investors.

Area of Law

securities

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