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The Stoneridge argument

Based on this report from the WSJ Law Blog, it seems that the question is, will the Court (1) stomp the corpse of aiding and abetting liability by ruling out any possibility of anything like scheme liability? or (2) deny liability in this case but throw some bone to the plaintiffs to resurrect some form of aiding and abetting liability in some future case with incredibly strong allegations?   

I'm betting on 2.

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» More On Stonebridge, Scheme Liability And Shareholder Suits from DealBreaker.com
We’ve allowed our concern over the possible fate of shareholder proxy access rules to take a back seat over the last couple of days to our following the Stonebridge case. You know, the one about whether shareholders of one company... [Read More]

» Stoneridge Predictions from The 10b-5 Daily
Despite all of the fanfare leading up to the oral argument in the Stoneridge (a.k.a. Charter Communications) case on scheme liability, the aftermath has been quite subdued. That may be because the post-argument consensus (at least in the blogosphere) i... [Read More]

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