Stoneridge v. Scientific-Atlanta
AEI Legal Center for the Public Interest
About This Event

Online registration for this event is closed. Walk-in registrations will be accepted.

On October 9, 2007, the Supreme Court will hear oral argument in Stoneridge v. Scientific-Atlanta, a case that many are calling the most important securities case in years. The Eighth Circuit Court of Appeals dismissed a class action suit against third-party vendors (in this case Motorola and Scientific-Atlanta) that plaintiffs sought to hold liable for transactions misreported by one of their customers, cable television company Charter Communications, thus rejecting the plaintiffs’ theory of “scheme liability”--that is, holding secondary parties liable for their alleged role in aiding and abetting securities fraud. The theory of secondary liability and the case have been hotly debated, with thirty parties--including the federal government, congressmen, and several former Securities and Exchange Commission (SEC) commissioners--filing “friend of the court” briefs on both sides. The decision will have implications for the future of securities litigation, including the pending multi-billion dollar Enron securities litigation appeal before the Supreme Court.

At this AEI event, just days before the Supreme Court’s hearings, former SEC Chairman Harvey Pitt, Louis M. Bograd of the Center for Constitutional Litigation, Jonathan Cuneo of Cuneo Gilbert and LaDuca, Robert Gasaway of Kirkland & Ellis, and AEI Legal Center director Theodore H. Frank will discuss the possible legal and policy implications of this case. Michael S. Greve, the John G. Searle Scholar at AEI, will moderate.

For further information about the AEI Legal Center, including obtaining CLE credits, please visit www.aeilegalcenter.org.

Agenda
8:45 a.m.
Registration and Breakfast
9:00
Panelists:
Louis M. Bograd, Center for Constitutional Litigation
Jonathan Cuneo, Cuneo Gilbert and LaDuca, LLP
Theodore H. Frank, AEI
Robert Gasaway, Kirkland & Ellis LLP
Harvey Pitt, Kalorama Partners, LLC
Moderator:
Michael S. Greve, AEI
11:00
Adjournment
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AEI Participants

 

Ted
Frank
  • Ted Frank is a former resident fellow at AEI. He specialized in product liability, class actions, and civil procedure while at AEI. Before joining AEI, Mr. Frank was a litigator from 1995 to 2005 and clerked for the Honorable Frank H. Easterbrook on the Seventh Circuit Court of Appeals. Mr. Frank has written for law reviews, the Wall Street Journal, the Washington Post, and The American Spectator and has testified before Congress multiple times on legal issues. He writes for the award-winning legal blogs PointOfLaw.com and Overlawyered, and the Wall Street Journal has called him a "leading tort-reform advocate."  Mr. Frank was recently elected to membership in the American Law Institute.

 

Michael S.
Greve
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