U.S. Supreme Court
Oct. 11, 2007
Third-Party Liability Meets Skeptical Court
WASHINGTON - Investors had a rocky day Tuesday when the U.S. Supreme Court took up an eagerly awaited securities fraud case, as key justices appeared unwilling to allow shareholders to sue third parties who participate in a public company's scheme to defraud the public.
Daily Journal Staff Writer
WASHINGTON - Investors had a rocky day Tuesday when the U.S. Supreme Court took up an eagerly awaited securities fraud case, as key justices appeared unwilling to allow shareholders to sue third parties who participate in a public company's scheme to defraud the public.
During an hour-long oral argument, most justices appeared sympathetic...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In