Here is an update from Professor Bainbridge on an important business case in the U.S. Supreme Court. I quote from his email, which provides links to scholarly analysis of the case:
Next [week], the Supreme Court will hear oral argument in Stoneridge Investment Partners v. Scientific-Atlanta, arguably the most important securities law case to reach the Court in a decade. It requires the Court to decide whether third-parties, such as financial advisors, auditors, attorneys, or vendors, who engage in allegedly fraudulent transactions with a public corporation, but who do not speak or provide financial statements or other disclosures to investors can be held liable under SEC Rule 10b-5.
I have two recent substantive posts on Stoneridge that might be of interest to you and, of course, your readers:
This post provides an overview of the facts of the case and the main legal issues presented.
This post looks at the the interaction of scheme liability and internal controls under Sarbanes-Oxley section 404.