Tags: Case, Legal Case, Supreme Court Of The United States Case, Unit Of Work.
Stoneridge Investment Partners v. Scientific-Atlanta 552 U.S. 148 (2008) was a decision by the United States Supreme Court pertaining to the scope of liability of secondary actors such as lawyers and accountants for securities fraud under the Securities Exchange Act of 1934. In a 5-3 decision authored by Justice Anthony M. Kennedy the Court held that aiders and abettors of fraud cannot be held secondarily liable under the private right of action authorized by §10(b) of the Exchange Act.