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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!!
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From: ravenseye10/1/2007 12:06:30 PM
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US court to rule on third-party liability
By Patti Waldmeir in Washington

Updated: 11:42 p.m. CT Sept 30, 2007
The post-Enron battle against corporate fraud could be about to reach an important turning point, as the US Supreme Court considers whether to extend ­liability for corporate fraud to virtually any company that does business with a US corporation that defrauds its investors.

The top court, which begins a new term on Monday, could have the fate of US competitiveness in its hands as it hears its most important investor lawsuit in at least a decade.

US business has hired some of the country's most powerful lawyers to lobby the court to take its side in the case, Stoneridge v Scientific-Atlanta. The business community wants the court to protect US and foreign companies - along with accountants, lawyers and investment banks - from a new wave of costly investor lawsuits....
msnbc.msn.com
...But William Lerach, the US plaintiffs' lawyer, whose firm represents Enron ­victims, says scheme liability is crucial in the battle to win compensation for them. He mounted a powerful crusade for scheme liability in the US media - until last month, when he pleaded guilty to federal charges in connection with a plaintiff kickback scheme....
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