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SCOTUS to hear Stoneridge Investment v. Scientific-Atlanta

Scientific-Atlanta entered into a deal with Charter Communications that permitted Charter to inflate their revenues; Charter stockholders sued S-A, and the Eighth Circuit upheld a dismissal, noting that the Supreme Court has strictly circumscribed the scope of civil securities-law enforcement. The Supreme Court has granted certiorari. The case has significance because of the similar Fifth Circuit decision in the Enron litigation, which we discussed Mar. 19. [AP/Law.com]



Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.