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STONERIDGE INV. PARTNERS v. SCIENTIFIC-ATL.

No. 06-43.

128 S.Ct. 761 (2008)

552 U.S. 148

169 L.Ed.2d 627

STONERIDGE INVESTMENT PARTNERS, LLC, Petitioner, v. SCIENTIFIC-ATLANTA, INC., et al.

Supreme Court of United States.

Decided January 15, 2008.

Attorney(s) appearing for the Case

Stanley M. Grossman, New York, NY, for Petitioner.

Stephen M. Shapiro, Washington, D.C., for Respondents.

Thomas G. Hungar, for the United States as amicus curiae, by special leave of the Court, supporting the Respondents.

Stanley M. Grossman, Counsel of Record, Marc I. Gross, Joshua B. Silverman, Pomerantz, Haudek, Block, Grossman & Gross LLP, New York, NY, for Petitioner.

Oscar N. Persons, Susan E. Hurd, Alston & Bird LLP, Atlanta, Georgia, Stephen M. Sacks, John C. Massaro, Arnold & Porter LLP, Washington, D.C., Stephen M. Shapiro, Counsel of Record, Andrew J. Pincus, Timothy S. Bishop, John P. Schmitz, Charles Rothfeld, Mayer, Brown, Rowe & Maw LLP, Washington, D.C., J. Brett Busby, Mayer, Brown, Rowe & Maw LLP, Houston, Texas, for Respondents.

Justice KENNEDY delivered the opinion of the Court.

We consider the reach of the private right of action the Court has found implied in § 10(b) of the Securities Exchange Act of 1934, 48 Stat. 891, as amended, 15 U.S.C. § 78j(b), and SEC Rule 10b-5, 17 CFR § 240.10b-5 (2007). In this suit investors alleged losses after purchasing common stock. They sought to impose liability on entities who, acting both as...

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