Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc. - Oral Argument - October 09, 2007 Page 24

Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc.

Media for Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc.

Audio Transcription for Opinion Announcement - January 15, 2008 in Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc.

Audio Transcription for Oral Argument - October 09, 2007 in Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc.

Stanley M. Grossman:

substantially assisted a defendant who engaged in a primary violation, but he would not have to prove any reliance by the aiding and abettor.

Number three, with respect to 20(e), how do my friends on the other side read 20(e) in connection with section 9 and section 18 of the Exchange Act, each of which provides remedies and private rights of actions against multiple parties?

Under their definition, that would appear to be displaced by 20(e).

20(e) was not designed, it was not intended to do anything but to give the SEC the right to bring the very type of aiding-and-abetting action that this Court barred in Central Bank.

John G. Roberts, Jr.:

Thank you, Mr. Grossman.

The case is submitted.