Stoneridge Investment v. Scientific-Atlanta No. 06-43
Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc., et al.
Securities Law, Public Corporations, Transactions, Securities Exchange Act of 1934, Deceptive Conduct
Whether the Supreme Court's decision in Central Bank, N.A. v. First Interstate Bank, N.A.,
511 U.S. 164 (1994), forecloses claims for deceptive conduct under 10(b) of the
Securities Exchange Act of 1934, 15 U.S.C. 78j(b), and Rule 10b-5(a) and (c), 17
C.F.R. 240.l0b-5(a) and (c), where Respondents engaged in transactions with a
public corporation with no legitimate business or economic purpose except to inflate
artificially the public corporations financial statements, but where Respondents
themselves made no public statements concerning those transactions.