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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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