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Ethics

: Legal Ethics Forum

Stoneridge stands firm on legislative and judicial fronts?

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My legal newspaper says that Sen. Specter's attempts to reverse Stoneridge "failed to reach a vote before lawmakers moved late last night . . .  to take a final vote."  But I can't find links online to confirm that.  If so, it's good news for biglaw.  On a related note, here's news of a Second Circuit decision swatting down a plaintiff's attempt to avoid Stoneridge.  So, at least as of today, if the law firm prepares the offering docs, but they are attributed to the client as they reach the marketplace, the lawyers are not making first-party representations to the investors and market.

Full post as published by Legal Ethics Forum on May 24, 2010 (boomark / email).

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